President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE is reportedly set to impose tariffs on $50 billion in Chinese goods, which will likely further ramp up concerns about a trade war between the world's two largest economies.

The White House could release the list of about 1,300 technology products imported from China that would get hit by the duties as early as Friday, according to news reports on Thursday night.

The tariffs are expected to go into effect soon, but no date has been announced.

Imposing the tariffs could jeopardize Beijing's cooperation in talks to denuclearize the Korean Peninsula.

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Trump reportedly approved the tariffs after meeting Thursday with Treasury Secretary Steven Mnuchin Steven Terner MnuchinHillicon Valley: DOJ proposes tech liability shield reform to Congress | Treasury sanctions individuals, groups tied to Russian malign influence activities | House Republican introduces bill to set standards for self-driving cars Treasury: Trump's payroll tax deferral won't hurt Social Security Treasury sanctions individuals, groups tied to Russian malign influence activities MORE, U.S. Trade Representative Robert Lighthizer Robert (Bob) Emmet LighthizerWhiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 MORE and Commerce Secretary Wilbur Ross Wilbur Louis RossTrump admin asks Supreme Court to fast-track excluding people in U.S. illegally from census Trump 'very happy' to allow TikTok to operate in US if security concerns resolved TikTok, WeChat to be banned Sunday from US app stores MORE.

White House press secretary Sarah Huckabee Sanders acknowledged during her daily media briefing that top administration officials had held a trade meeting on Thursday.

But Sanders couldn't provide details of what the White House would ultimately announce.

"Well, since I'm not making any announcements, it would be hard for me to give details of an announcement that we're not quite ready to make," she told reporters.

"Whether or not we will, we'll certainly keep you posted. But beyond that, I can't get into any details," she said.

The White House has argued that the tariffs are needed to curb China's efforts to steal intellectual property from U.S. companies.

In March, Trump announced plans for at least $50 billion in tariffs over longstanding concerns about China's unfair trade policies that required U.S. companies to transfer technology to China's domestic businesses, as well as the theft of trade secrets.

Then in April, the administration provided a preliminary list of technology goods that the U.S. might target for a 25 percent tariff.

The decision stems from the conclusions of a Section 301 investigation launched in August that found that China’s theft of intellectual property is costing the U.S. economy billions of dollars.

The U.S. has already imposed tariffs of 25 percent on steel and 10 percent on aluminum from a wide range of nations, including China.