Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.
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Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China.
The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.
On Thursday, China had welcomed a US offer to hold fresh trade talks, providing some hope the world's top two economies could step back from the brink of an all-out trade war.
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