Trump expected to announce China tariffs next week: report

Trump expected to announce China tariffs next week: report
© Greg Nash

President TrumpDonald John TrumpWatergate prosecutor says that Sondland testimony was 'tipping point' for Trump In private moment with Trump, Justice Kennedy pushed for Kavanaugh Supreme Court nomination: book Obama: 'Everybody needs to chill out' about differences between 2020 candidates MORE could announce wide-ranging tariffs on imported Chinese goods as early as next week, The Associated Press reported.

The tariffs could affect a large range of consumer goods, although the size and scope are yet to be finalized.

Recent reports suggest that Trump wants to target upward of $60 billion in Chinese products, which the U.S. Chamber of Commerce has said would be “devastating," the AP reported.

The White House wants to reduce the trade deficit with China. Trump tweeted earlier this month that "China has been asked to develop a plan" to reduce its deficit by $100 billion.

The tariffs would come at the recommendation of Commerce Secretary Wilbur RossWilbur Louis RossHillicon Valley: Senators ask Trump to halt Huawei licenses | Warren criticizes Zuckerberg over secret dinner with Trump | Senior DHS cyber official to leave | Dems offer bill on Libra oversight Senators urge Trump to suspend Huawei license approvals Hillicon Valley: Google to limit political ad targeting | Senators scrutinize self-driving car safety | Trump to 'look at' Apple tariff exemption | Progressive lawmakers call for surveillance reforms | House panel advances telecom bills MORE and adviser Peter Navarro, according to the report.

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Similarly, incoming director of the White House National Economic Council Larry Kudlow has said that China merits a “tough response” from the U.S. and its allies, the AP reported.

Trump tapped Kudlow earlier this week to replace economic adviser Gary Cohn. Cohn said he would be leaving the White House after Trump announced sweeping tariffs on imported steel and aluminum earlier this month.

While Trump has found support for his new tariffs in parts of the White House, they are largely disliked by many groups, including many members of his own party.

Republican leaders have asked the president to narrowly target any tariffs and exempt U.S. allies.

China is expected to respond to tariffs with higher import taxes on U.S. goods. Some predict that China will target goods that affect the U.S. economically and politically, the AP reported.