Trump reportedly plans tariffs on up to $60 billion in Chinese goods

President Trump aims to impose tariffs on up to $60 billion of Chinese imports, primarily in the technology and telecommunications sectors, Reuters reported, citing a source who discussed the issue with the White House. Another source said the list could include 100 targeted products.

China forces U.S. companies to give up tech secrets in exchange for permission to operate in the world’s No. 2 economy. Trump has repeatedly complained about China’s $375 billion trade surplus with the U.S. The steel and aluminum tariffs Trump announced last week appear unlikely to trigger a feared trade war, partly because key allies are exempted, but some experts predict China will respond harshly if it is directly targeted.

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Source:: The Week – Business


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