The timing of the announcement is fluid, two individuals acquainted with the plans advised CNN on Saturday.
The Journal reported that people briefed on the plan stated the specifics are nonetheless being labored out, however they anticipate an official announcement of the brand new tariffs on both Monday or Tuesday.
White Home spokeswoman Lindsay Walters didn’t touch upon specifics to the newspaper. She pointed the Journal to a press release launched Friday. CNN has reached out to the White Home for remark.
“The president has been clear that he and his administration will proceed to take motion to deal with China’s unfair commerce practices,” she stated in that assertion. “We encourage China to deal with the lengthy standing considerations raised by the Unites States.”
The Trump administration has already imposed 25% tariffs on $50 billion price of Chinese language items. Trump has stated the tariffs are essential to punish Beijing for what he says are its unfair commerce practices and mental property theft.
China, which has accused the US of commerce bullying, has matched the tariffs greenback for greenback. Beijing has pledged to hit again once more with tariffs on one other $60 billion of US exports, together with meat, espresso, furnishings and auto components.
CNN’s Donna Borak contributed to this report.