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Trump administration targets $50 billion in Chinese electronics, aerospace and machinery goods with tariffs
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| Contributor | RP |
| Last Edited | RP Apr 03, 2018 05:28pm |
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| Category | Strategy |
| Author | David J. Lynch |
| News Date | Tuesday, April 3, 2018 10:45:00 PM UTC0:0 |
| Description | The Trump administration Tuesday unveiled its list of roughly $50 billion in Chinese electronics, aerospace and machinery products it plans to hit with steep tariffs, the latest move in a deepening U.S.-China trade conflict.
The 25-percent import taxes are designed to penalize China for discriminatory policies that the United States says puts its companies at a disadvantage in the Chinese market. President Trump has complained that the Chinese government forces U.S. companies to surrender their proprietary technology in return for access to local customers and steals other trade secrets via cyber theft.
Trump’s latest protectionist move threatens to upend global supply chains for corporations such as Apple and Dell, raise prices for American consumers who have grown accustomed to inexpensive electronics and aggravate tensions between the world’s two largest economies. |
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