By Jesse Cohen
Investing.com - President Donald Trump has just days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods, such as video game consoles, computer monitors and toys.
The new round of tariffs is set to take effect on Sunday, Dec. 15.
President Trump is expected to meet his top trade advisers, including Trade Representative Robert Lighthizer, Larry Kudlow, Peter Navarro, and Treasury Secretary Steven Mnuchin, on Thursday to discuss the move, sources told Reuters.
Another source familiar with the Trump administration's thinking told Reuters they expected the tariffs to be enforced, which could complicate efforts to end a 17-month long trade war between the world's two largest economies.
Beijing has warned it would retaliate if the U.S. escalates the trade dispute.
Stocks have stalled so far in December after three straight months of gains as a combination of year-end fatigue, uncertainty over U.S.-China trade talks and global growth concerns has weighed on markets.
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-- Reuters contributed to this report