Five House members from Upstate New York have asked President Donald Trump's administration to hold off on imposing tariffs on Canadian paper used by the newspaper industry.
U.S. President Donald Trump has made a decision to impose tariffs on about US$50 billion in Chinese imports, according to two people familiar with the matter, in a move likely to escalate trade tensions between the world's two biggest economies.
China has published its own list of threatened tariffs on $50 billion in US goods, including soybeans, aircraft, and autos, and has said it would hit back if Washington followed up with further measures.
The White House has said it is proceeding with plans to impose duties on US$50 billion (S$66.7 billion) of Chinese goods, after weeks of high level-discussions between the U.S. and China yielded little progress.
The White House had said late last month that it would be pressing ahead with measures aimed at "confronting China's unfair trade policies".
Trump no longer believes that Beijing's influence over North Korea is a compelling reason to ease up on trade talks, now that his administration has opened up a direct line of communication with the nuclear-armed country, the first administration official said.
The trade tensions - simmering ever since Trump became president - are escalating at an inopportune time for China's economy. "There is still more work to be done by China and the United States to get to the ultimate outcome".
Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days.
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A spokesman for China's Foreign Ministry reiterated at a briefing in Beijing yesterday that previous progress in trade talks will be lost if the United States introduces new tariffs. China has pledged to retaliate in kind.
In April, the U.S. revealed an initial list targeting about 1,300 products worth USD$50 billion (RM199 billion) in Chinese imports. "We had good and constructive discussions", he said. "They understand what we are doing", he said before praising his good personal relationship with Chinese President Xi Jinping.
The decision on the Chinese tariffs comes in the aftermath of Trump's summit with North Korean leader Kim Jong Un.
He also met with Mr. Wang and addressed the trade issue.
"A slowing China will add to the challenges for the global economy", said Louis Kuijs, chief Asia economist at Oxford Economics in Hong Kong and a former International Monetary Fund researcher.
In an editorial in China's State Run (and ANN partner) China Daily, arguments were put forth that the US' multilateralism is costing the superpower its credibility.
Scott Kennedy, a specialist on the Chinese economy at the Center for Strategic and International Studies, said the Chinese threat was real and helped along by recent strains exhibited among the US and allies.
The president will also unveil a slightly altered list of goods that will be impacted by tariffs, with Reuters reporting that it will be smaller than the initial list, first proposed back at the start of April.