U.S. President Donald Trump speaks on a live television link with U.S. troops overseas at the "Salute to Our Armed Forces" inaugural ball during inauguration festivities in Washington, U.S.,January 20, 2017. REUTERS/Rick Wilking/File Photo
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President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons.Trump has long vowed to fulfill his campaign pledge to clamp down on what he considers unfair Chinese trading practices. Trump met Thursday with several Cabinet members and trade advisers and was expected to impose tariffs on at least $35 billion to $40 billion of Chinese imports, according to an industry official and an administration official familiar with the plans. Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico and European allies, and his proposed tariffs against China risk starting a trade war involving the world's two biggest economies.The decision on the Chinese tariffs comes in the aftermath of Trump's summit with North Korean leader Kim Jong Un. The U.S. trade deficit with China was $336 billion in 2017 .The U.S. and China have been holding ongoing negotiations over the trade dispute.The U.S. tariffs are designed specifically to punish China for forcing American companies to hand over technology in exchange for access to the Chinese market.
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