Following on from last week’s signing in of tariffs on metal imports, President Donald Trump is now seeking to introduce further duties on $60 billion of Chinese goods imported into the US within the technology and telecommunications sectors, sources told Reuters yesterday.
The planned tariffs will act as punishment to China for it’s stringent investment policies that pressure foreign companies to reveal intellectual property secrets if they are to set up business in the country.
Trump has spoken strongly about China’s alleged theft of intellectual property, as well as the wider trade surplus it maintains with the US. “He’s serious about calling their hand on this, and my understanding is they are looking at a broad array of options to do that,” U.S. House Ways and Means Committee Chairman Kevin Brady said to reporters.
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