Apple Watch, AirPods excluded from next round of tariffs says new report

President Donald Trump delivers his speech next to U.S. and Chinese flags as he and Chinese President Xi Jinping meet business leaders at the Great Hall of the People in Beijing

The U.S. had proposed the talks, but at the same time moved forward with planning additional tariffs on some $200 billion of Chinese products, the Journal reported.

The Trump administration also threatened to pursue additional tariffs on $267 billion worth of Chinese goods if Beijing retaliates against farmers or other US industries.

White House economic adviser Larry Kudlow has indicated that Trump could be willing to meet face-to-face with China President Xi Jinping to smooth over trade tensions at the United Nations General Assembly later this month or at the Group of 20 nation summit in Argentina in November.

Apple asked Lighthizer to reconsider imposing the tariffs and instead take other measures that would support the U.S. economy and American consumers.

The US is already engaged in a trade war with China and is expected to levy new tariffs on $US200 billion worth of Chinese goods as soon as Monday, on top of the tariffs in place on more than $US50 billion worth of Chinese goods.

The president has suggested, tariffs on a couple hundred billion dollars.

China has said it will respond to the next round of United States levies with retaliatory tariffs on $60 billion of U.S goods ranging from liquefied natural gas to aircraft.

Besides retaliating with tariffs, China could also restrict export of goods, raw materials and components core to US manufacturing supply chains, former finance minister Lou Jiwei told a Beijing forum on Sunday, according to an attendee.

A product code that covers the Apple goods and similar smart watches and fitness trackers made by competitors including Fitbit Inc (FIT.N) is not on the list of Chinese products that will attract a tariff, Bloomberg reported.

"They want to make a deal", Trump said.

A Treasury spokesman did not immediately respond to a query on the status of the China talks invitation.

American businesses have come out strongly against the tariffs, saying they have the potential of raising retail prices.

A second administration official told CNBC that the cost of these tariffs would amount to 10 percent of all imports targeted, down from earlier estimates of 25 percent.

Other officials who advise the country's leaders are suggesting China impose limits on the sale of parts and supplies needed by USA businesses, using "export restraints" to threaten their supply chains. If China doesn't make concessions, the new tariffs will then jump to 25 percent, a senior administration official said.

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