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Trump calls Biden a ílow IQ individualí over accidental 2020 announcement            China Ďto build island cityí in South China Sea, US cries foul             New Zealand PM says mosque attacker will face Ďfull force of lawí             10 Die In Flash Floods In Herat Province            New Zealand PM says received terroristís manifesto minutes before attack            ĎIf we leave Afghanistan, we will leave together with NATOí: Khalilzad             US officials confirm Afghanistanian NSA Hamdullah Mohib was summoned to State Department             Yellow vests, police clash in Paris on day of íultimatumí            Letters from Citizens to National Leaders: Endorsing Accountability for Global Peace Building at the UN General Assembly             íMuslims must not live in fear,í Omar says following massacre in New Zealand             Trump condemns massacre in New Zealand; perpetrator praises Trump            New Zealand mosque attack result of spreading Islamophobia in West: Commentator+video            Trump factor stands out in New Zealand mosque massacre            Muslim world reacts to New Zealand mosque attacks             PM: 49 killed in íterroristí attack on two mosques in New Zealand            

DATE PUBLISHED: 2018/3/22 - 12:58:39
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Trump will imposes up to $60 billion on Chinese imports

US President Donald Trump will impose tariffs on up to $60 billion in Chinese imports to reduce the massive US trade deficit with China and retaliate against the alleged theft of American intellectual property.

Trump signed a presidential memorandum on Thursday that would impose restrictions on Chinese imports and investment in the US, raising fears of a global trade war.

Before signing the measure, Trump blasted America’s multi-hundred billion dollar trade deficit with China and said the new action would be "the first of many."

"It is the largest deficit of any country in the history of our world. It’s out of control," Trump said. "We have a tremendous intellectual property theft situation going on, which likewise is hundreds of billions of dollars."

Trump directed US Trade Representative Robert Lighthizer to identify and publish a proposed list of products that could be subject to tariffs.

The tariffs and investment restrictions will be imposed under the US Trade Representative’s "Section 301" investigation into alleged misappropriation of US intellectual property by China.


Trump to impose tariffs on up to $60 billion Chinese goods
US President Donald Trump is considering fresh tariffs on billions of dollars in Chinese imports, particularly for the tech and telecommunications sector.

The new import duties will target industrial sectors where "China has sought to acquire an advantage through the unfair acquisition or forced technology transfer from US companies," senior White House economic advisor Everett Eissenstat told reporters before Trump’s announcement.

The move, which comes on the heels of the Trump administration’s steel and aluminum tariffs, has already been met with threats of retaliation from China.

The goods deficit with China alone rose 8 percent during Trump’s first year in office to a record $375 billion, or nearly half the total global gap between US imports and exports

The new measures are part of Trump’s so-called “America First” policy, which seeks to rewrite the rules of global commerce in favor of the US.

Trump has repeatedly blamed unfair trade deals and abusive practices by low-wage countries like China and Mexico for the massive US trade deficit and the loss of high-paying US factory jobs.

 

LINK: http://ansarpress.com/english/9789


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