Trump is said to approve tariffs on USD 50 billion of Chinese goods

US President is expected to Friday announce a list of hundreds of Chinese-made products that will be subject to tariffs.

Photo: Ritzau Scanpix/AP/Evan Vucci

President Donald Trump has approved tariffs on Chinese goods worth about USD 50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade that is set to prompt retaliation from Beijing.

The Trump administration is preparing to release a refined list of Chinese products to be hit with tariffs that hones in on technologies where China wants to establish itself as a leader, according to five people familiar with the matter. In April, the US revealed an initial list targeting about 1,300 products worth USD 50 billion in Chinese imports.

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