Trump administration considering sanctions over Chinese hackers

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The Trump administration has placed punitive tariffs on $50 billion in Chinese goods and threatened to tax all Chinese imports to the United States.

Trump tells reporters on Air Force One that his plans to slaps taxes of up to 25 percent on Chinese imports would depend on the choices made by that country's leaders.

The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and auto seats for babies.

Donald Trump has warned that he has a new tranche of tariffs covering virtually all Chinese goods entering the US ready to go, as Apple warned that the US-China trade war will make its products more expensive for American consumers.

The Trump administration has already imposed 25% tariffs on $50 billion worth of Chinese goods, meant to punish Beijing for alleged unfair trade practices and intellectual property theft. But 2018 Chinese imports through July were up almost 9 per cent over the same period of 2017, according to US Census Bureau data. "Things can change rather quickly, so the trade war, if a lot of the threats do materialise, I think things will turn very quickly".

US President Donald Trump waves during joint statements with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017.

Trump ready to set tariffs on all goods from China
The US Trade Representative's office received almost 6,000 comments and held seven days of public hearings on the proposed levies. An announcement on the tariffs is expected as early as Friday.

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The president's tweet comes just days after Apple sent a letter to the U.S. Trade Representative raising concerns that the additional tariffs that the president proposed would be bad for business. Comparatively few applauded the tariffs. Japan will have a "big problem" if it doesn't conclude a new trade deal with the U.S., he said on Air Force One.

Retailers had successfully kept high-profile consumer electronics such as mobile phones and television sets off of previous tariff lists.

In short, the White House is mulling slapping tariffs on $200bn of Chinese kit imported into the States - and the Command-in-Chief is suggesting ballooning that figure to $467bn.

"Our concern with these tariffs is that the United States will be hardest hit, and that will result in lower USA growth and competitiveness and higher prices for U.S. consumers", the company said.

"We'll continue to talk to China", he said at the White House on Wednesday. "We want lower (trade) barriers across the board".

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies".

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