The Briefing Room

General Category => Economy/Business => Topic started by: ABX on May 29, 2018, 05:04:32 pm

Title: White House to impose 25% tariff on $50bn worth of Chinese goods
Post by: ABX on May 29, 2018, 05:04:32 pm

Quote

The White House has taken aggressive new steps in its effort to reduce a $337bn trade deficit with China, announcing that it will impose a 25% tariff on $50bn of Chinese goods containing “industrially significant technology”.....

....“From now on, we expect trading relationships to be fair and to be reciprocal,” Donald Trump said in statement.
The White House said China had “pursued industrial policies and unfair trade practices including dumping, discriminatory non-tariff barriers, forced technology transfer, over capacity, and industrial subsidies that champion Chinese firms and make it impossible for many United States firms to compete on a level playing field”. ....

https://www.theguardian.com/world/2018/may/29/white-house-tariffs-chinese-goods (https://www.theguardian.com/world/2018/may/29/white-house-tariffs-chinese-goods)