Apple Watch, AirPods excluded from next round of tariffs says new report

Trump administration set to slap additional tariffs on Chinese goods worth US$200 bil.: Report

China will hit back at any new US tariffs: ministry

President Donald Trump said he'll make an announcement on China trade after US financial markets close Monday.

Trump has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring US technologies and intellectual property, and roll back high-tech industrial subsidies.

-China trade war by announcing new tariffs on about $200 billion of Chinese imports.

The White House said in a statement that Trump had been clear that he and his administration would continue to take action to address China's trade practices and encouraged Beijing to address USA concerns. "We just need a decent move either way before they take profit or restructure what they have".

Still, American consumers could start feeling the cost of the tariffs for everyday goods, as the latest move brings all Chinese imports subject to a new tariff to $250 billion, roughly half of China's shipments to the U.S. previous year. Beijing has issued a list of another $60 billion of American products for retaliation if Mr. Trump's next tariff hike goes ahead.

The new tariffs will apply to hundreds of items - ranging from seafood to handbags to toilet paper - that were on a list released July 10. "And it will be a lot of money coming into the coffers of the United States of America".

China had already vowed to retaliate if the USA imposed further tariffs.

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"He has not been satisfied with the talks with China on this".

In response to President Trump's threatened tariffs, Beijing has teed up tariffs of five to 25 percent on $60 billion of USA goods including pig hides, cocoa butter and condoms.

Kudlow declined to specify details of the expected announcement but noted that reports indicating Trump will unveil 10 percent duties on $200 billion in imports are "more or less correct".

The United States will spare some technology products including Apple Inc's (AAPL.O) Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter.

Other officials who advise the country's leaders are suggesting China impose limits on the sale of parts and supplies needed by US businesses, using "export restraints" to threaten their supply chains.

The new round of taxes are jeopardizing talks led by Treasury Secretary Steve Mnuchin with Chinese officials to end the cycle of tit-for-tat tariffs.

Multiple reports in recent days cited officials saying Trump had chose to press ahead with new tariffs, but at a lower rate of 10 percent after initially announcing they should be hiked to 25 percent in light of China's alleged intransigence.

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