{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Reactions as Trump approves plan to impose tariffs on Chinese goods' data-url='/boclips/videos/5c54d7b7d8eafeecae20e273' data-video-url='/boclips/videos/5c54d7b7d8eafeecae20e273' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nReactions as Trump approves plan to impose tariffs on Chinese goods\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eUS 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...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eUS 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.\u003cbr/\u003e              Trump met on Thursday with several Cabinet members and trade advisers and was expected to impose tariffs on at least 35 billion US dollars to 40 billion US dollars of Chinese imports, according to an industry official and an administration official familiar with the plans. \u003cbr/\u003e              The amount of goods could reach 55 billion US dollars, said the industry official. \u003cbr/\u003e              The officials spoke on condition of anonymity in order to discuss the matter ahead of a formal announcement.\u003cbr/\u003e              If the president presses forward as expected, it could set the stage for a series of trade actions against China and lead to retaliation from Beijing. \u003cbr/\u003e              \"China will immediately respond in kind with the same amount of tariffs on US goods being imported to China,\" said Jacob Parker of the US China Business Coucil.\u003cbr/\u003e              Administration officials have signaled support for imposing the tariffs in a dispute over allegations that Beijing steals or pressures foreign companies to hand over technology, according to officials briefed on the plans.\u003cbr/\u003e              China has targeted 50 billion US dollars in US products for potential retaliation.\u003cbr/\u003e              The Chinese have threatened to counterpunch if the president goes ahead with the plan. Chinese officials have said they would drop agreements reached last month to buy more US soybeans, natural gas and other products.\u003cbr/\u003e              Beijing has also drawn up a list of 50 billion US dollars in US products that would face retaliatory tariffs, including beef and soybeans — a shot at Trump's supporters in rural America.\u003cbr/\u003e              There are worries among the US companies in China that the tariff actions would turn domestic nationalism in China into anti-Americanism which could lead to the boycott of US products, and the concerns on increased regulatory scrutiny measures from the local authorities.\u003cbr/\u003e              \"All of these things that could be used either in de facto or de jure ways to impact the US companies that operate in China,\" said Parker.\u003cbr/\u003e              Chinese business people at the CES Asia exhibition in Shanghai expressed optimism to the prospect of where the trade relations with the US will go.\u003cbr/\u003e              \"I believe the trade war is just temporary,\" said Guo Xiaolin, a sales manager of China's IT company who is taking part in the CES Asia. \u003cbr/\u003e              \"Now we are more confident than before in front of the overseas market,\" said Zhang Mingrui, CEO of a Chinese solar panel company, which is also showing their technologies at CES Asia.\u003cbr/\u003e              \"If the market demands are there, artificial obstacles or short-term trade frictions will not stop the market access,\" Zhang said.\u003cbr/\u003e              The U.S. and China have been holding ongoing negotiations over the trade dispute. \u003cbr/\u003e              The United States has criticized China for the aggressive tactics it uses to develop advanced technologies, including robots and electric cars, under its \"Made in China 2025\" programme.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Shanghai - 15 June 2018\u003cbr/\u003e              1. Various of electronics manufacturer Lenovo exhibition at CES Asia\u003cbr/\u003e              2. Various of mobile phone company Huawei exhibition\u003cbr/\u003e              3. Various of TV manufacturer Hisense exhibition\u003cbr/\u003e              4. Wide of electronics manufacturer Foxconn exhibition\u003cbr/\u003e              Beijing - 15 June 2018\u003cbr/\u003e              5. Wide of US-China Business Council, Vice President of China Operations Jacob Parker sitting and talking\u003cbr/\u003e              6. Close up of hands\u003cbr/\u003e              7. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations: \u003cbr/\u003e              \"So there is a risk, a very clear risk that when the US takes tariffs actions against China, China will immediately respond in kind with the same amount of tariffs on US goods being imported to China.\"\u003cbr/\u003e              Shanghai - 15 June 2018\u003cbr/\u003e              8. Various of Cadillac exhibition at the CES Asia\u003cbr/\u003e              Beijing - 15 June 2018\u003cbr/\u003e              9. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations: \u003cbr/\u003e              \"So we have to recognize that global supply chains are extremely complex and any kind of tariff action which impacts the relations between the US and China will also disrupt global supply chains, that's the first impact. Secondly, the impact will go far beyond just tariffs. When we talk with our member companies, they are worried about domestic nationalism turning into anti-Americanism which could lead to the boycott of US products. There is concern about increased regulatory scrutiny of US firms operating in the China market, whether that be through anti-trust reviews, whether that be through local regulatory inspections missions or customs inspections. All of these things could be used either in de facto or de jure ways to impact the US companies that operate in China.\"\u003cbr/\u003e              Shanghai - 15 June 2018\u003cbr/\u003e              10. Various of electric vehicle BYD exhibition at the CES Asia\u003cbr/\u003e              11. SOUNDBITE (Mandarin) Guo Xiaolin, Sales Manager, Lianluo Hudong Information Technology Co.: \u003cbr/\u003e              \"For the interests of the US economic development, I believe the trade war is just temporary.\"\u003cbr/\u003e              12. SOUNDBITE (Mandarin) Zhang Mingrui, CEO of Hanneng Zhixiang Energy Technology Co.:\u003cbr/\u003e              \"Now we are more confident than before in front of the overseas market. For good products, the market reaction is more important. If the market demands are there, artificial obstacles or short-term trade frictions will not stop their market access.\" \u003cbr/\u003e              13. 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