Trump has demanded China cut its $375 billion trade surplus with the U.S.
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U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters over the weekend.Trump had already directed aides to proceed with tariffs, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China.Still, the additional tariffs could complicate trade talks with China expected later this month.Trump has demanded that China cut its $375 billion trade surplus with the U.S., end policies aimed at acquiring U.S. technologies and intellectual property and roll back high-tech industrial subsidies.On Sept. 7, Trump warned he had further tariffs ready to go on $267 billion worth of Chinese imports beyond those that will be targeted this week.
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