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President Trump makes good on his threat to target an additional $200 billion in Chinese imports with tariffs, ramping up the trade war

2018-07-11 09:38:02       source:The Washington Post

July 10, 2018


President Trump escalated his trade war with China Tuesday, identifying an added $200 billion in Chinese products that he intends to hit with import tariffs.


The move makes good on the president’s threat to respond to China’s retaliation for the initial U.S. tariffs on $34 billion in Chinese goods, which went into effect on Friday, and would eventually place nearly half of all Chinese imports under tariffs.


Administration officials said the tariff fight is aimed at forcing China to stop stealing American intellectual property and to abandon policies that effectively force U.S. companies to surrender their trade secrets in return for access to the Chinese market.


“These practices are an existential threat to America’s most critical comparative advantage and the future of our economy,” said Robert E. Lighthizer, the president’s chief trade negotiator.


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https://www.washingtonpost.com/business/economy/president-trump-makes-good-on-his-threat-to-target-an-additional-200-billion-in-chinese-imports-with-tariffs-ramping-up-the-trade-war/2018/07/10/aee91cbc-8489-11e8-8f6c-46cb43e3f306_story.html?utm_term=.e43fa16f7437