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Trump Approves Tariffs on $50 Billion of Chinese Goods

(Bloomberg) President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade as Beijing warns of an immediate response. The Trump administration is preparing to release a refined list of Chinese products to be hit with tariffs that hones in on technologies where China wants to establish itself as a leader, according to five people familiar with the matter. In April, the U.S. revealed an initial list targeting about 1,300 products worth $50 billion in Chinese imports.

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