newstome1: Trump Set to Unleash $60bn China Tariffs on…


Trump Set to Unleash $60bn China Tariffs on Friday

Having rejected a plan for imposing $30 billion in tariffs on Chinese imports last week, saying they weren’t big enough; President Trump is reportedly planning to unveil by Friday, a package of $60 billion in annual tariffs against China.

Trump is following through on a long-time threat that he says will punish China for intellectual property infringement and create more American jobs, and, as The Washington Post reports, the timing of the tariff package, which Trump plans to unveil by Friday, was confirmed by four senior administration officials.

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 market access.

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Source: News To Me

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