Trump prepared to hit China with $60 billion in annual tariffs
2018-03-20 10:15:03 source：The Washington Post
March 19, 2018
President Trump is preparing to impose a package of $60 billion in annual tariffs against Chinese products, following through on a longtime threat that he says will punish China for intellectual property theft and create more U.S. jobs.
The tariff package, which Trump plans to unveil by Friday, was confirmed by four senior administration officials.
Senior aides had presented Trump with a $30 billion tariff package that would apply to a range of products, but Trump directed them to roughly double the scope of the new trade levies. The package could be applied to more than 100 products, which Trump argues were developed by using trade secrets the Chinese stole from U.S. companies or forced them to hand over in exchange for access to its massive market.
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