The Trump administration is recommending 25 percent tariffs on $50 billion in Chinese imports to protest Beijing’s alleged theft of American technology.
The Office of the U.S. Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn’t take effect before a public comment period ends May 11.
The move is the latest in a series of aggressive actions the administration has taken to combat what it calls unfair trade practices by China and other countries. American businesses worry that the administration’s moves will draw painful retaliatory sanctions.
Source: Associated Press