WASHINGTON (Reuters) -The U.S. is preparing to investigate China’s adherence to the terms of a trade deal signed during President Donald Trump’s first term, the New York Times reported on Thursday citing a person familiar. The Section 301 probe could be announced as early as Friday, the Times reported, and could result in additional tariffs between the U.S. and China during a period of heightened trade tensions before a meeting next week between Trump and China’s Xi Jinping.Trade tensions between the U.S. and China, the world’s two biggest economies, flared in recent weeks after months of relative calm. Trump imposed additional duties of 100% on China that are due to take effect on November 1 after China announced export controls on nearly all rare earths.
(Reporting by Jasper Ward and Andrea Shalal; Writing by Caitlin Webber)
