Johannes Eisele | AFP | Getty Images
A US cargo ship seen at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on Apr. 9, 2018.
The Trump administration plans to propose a 25 percent tariff on $200 billion in Chinese imports and an announcement could come as early as Wednesday, a source familiar with the plan said on Tuesday.
U.S. President Donald Trump's administration had initially announced it would seek to impose a tariff of 10 percent on $200 billion of Chinese imports, and raising the level to 25 percent would escalate the dispute over trade between the world's two biggest economies.