Donald Trump’s White House is finalising plans to impose tariffs of up to 25 per cent on $200bn of Chinese imports, a decision that could sharply escalate the trade war with Beijing.
The US president has left little doubt that he intends to press ahead with the new round of tariffs, but White House officials are grappling with how aggressive the levies should be.
The most confrontational approach would be for Mr Trump to immediately impose a 25 per cent tariff on all $200bn worth of products designated by the US government — despite heavy criticism from swaths of US business and the risk of tough retaliation from China.
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