Trump moving forward with additional $200 billion in tariffs on Chinese goods: report

Trump moving forward with additional $200 billion in tariffs on Chinese goods: report
Treasury Secretary Steven MnuchinSteven Terner MnuchinThe next two years of federal housing policy could be positive under Mark Calabria The Hill's Morning Report - Presented by the American Academy of HIV Medicine - Will there be any last-minute shutdown drama? Trump mulling 60-day delay for China tariff deadline MORE this week proposed another round of talks with China in an effort to ease tensions in the escalating trade war that is raising concerns on Capitol Hill and throughout the business community.
Trump's strong desire to narrow the expanding trade gap with China has led to tit-for-tat tariffs of $50 billion imposed by each country. He has promised tariffs of $200 billion on China's imports, a move that's been delayed while officials determine a final list of products based on recently submitted public comments.
He expressed confidence this week that his sweeping tariffs plan will work.
"They are under pressure to make a deal with us," Trump tweeted on Thursday, referring to China. "Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?"
Trump has said he's using the tariffs as leverage to force China to change what he considers unfair trade practices, like stealing U.S. intellectual property and forcing U.S. firms to transfer their technology to China.
Last week, Trump threatened a third batch of tariffs on another $267 billion of Chinese imports, covering more than all Chinese exports to the U.S.
Updated at 1:14 p.m.