Trump Announces New Tariffs On Chinese Technology
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2018-05-29 HKT 22:28
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The US has announced that it will impose a 25 percent tariff on US$50 billion worth of Chinese goods containing "industrially significant technology."
The White House said on Tuesday that the tariff will cover goods related to the "Made in China 2025" program. The full list of imports that will be covered will be announced by June 15.
US President Donald Trump has bemoaned the massive American trade deficit with China — US$337 billion last year — as evidence that Beijing has been complicit in abusive trading practices.
The White House also said the US is planning new investment restrictions and export controls.
The announcement came as the American administration negotiates with China on a broad trade dispute. Commerce Secretary Wilbur Ross is expected to travel to China later in the week for more talks. (AP)
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