President Trump is considering placing tariffs on imports from China, and an official announcement may come as early as next week. In this March 6, 2018, photo, President Donald Trump speaks during a news conference with Swedish Prime Minister Stefan Lofven in the East Room of the White House in Washington. (AP Photo/Evan Vucci) Reports suggest the President wants to target nearly $60 billion in Chinese products, and push China to reduce the trade deficit by $100 billion Incoming director of the White House National Economic Council Larry Kudlow said China needs a ‘tough response’ from the U.S. and its allies. China – the largest source of the trade imbalance – is expected to respond to tariffs with higher import taxes on U.S. goods.
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