Washington (CNN) President Donald Trump is planning to impose a fresh round of tariffs targeting about $200 billion in Chinese goods, The Wall Street Journal reported Saturday, citing individuals familiar with the matter.

The timing of the announcement is fluid, two people familiar with the plans told CNN on Saturday.

According to the Journal, the tariffs are expected to be set at around 10%, according to people familiar with the matter, a lower level than the possibility of 25% tariffs previously floated by the administration.

The move aims to increase pressure on Beijing ahead of planned high-level discussions and is intended to provide the US leverage in talks over China's alleged practice of demanding American companies turn over technology in order to do business in the country, the Journal reported. But any imposition of new tariffs has the potential to further escalate trade tensions between the US and China.

CNN has previously reported that the President had been pressing his administration to move ahead with the tariffs; Trump met with top aides earlier in the week and instructed them to proceed with the plan.

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