Trump to Impose Tariffs on $50B of China's Tech Goods

Ivanka Trump arrives for an event with First Lady Melania Trump to launch initiatives for Be Best which includes the well-being of children at the White House in Washington D.C

White House slaps 25% tariff on $50 billion worth of Chinese goods

In a statement Tuesday, President Donald Trump's administration said the USA will take steps against China's "certain discriminatory and burdensome trade practices" - including a 25 percent tariff on Chinese imports "containing industrially significant technology".

The White House said China had "pursued industrial policies and unfair trade practices including dumping, discriminatory non-tariff barriers, forced technology transfer, over capacity, and industrial subsidies that champion Chinese firms and make it impossible for many United States firms to compete on a level playing field". The proposed investment restrictions and enhanced export controls will be announced by June 30 and they will be implemented shortly thereafter, it said.

In the statement, China also promised to defend its domestic economy in the event that the Trump administration continues the trade attacks.

That deal was separate from the US investigation into China's alleged theft of intellectual property. However, the USA has yet to publish a list of target products for the $100 billion, and the White House statement makes no reference to the second potential tranche of duties.

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U.S. Commerce Secretary Wilbur Ross is set to go to Beijing this week to negotiate on how China might buy more American goods to reduce the huge U.S. trade deficit with Beijing, which past year totaled $375 billion.

There are a few tactical reasons the Trump administration may have decided on Tuesday to go ahead with tariffs and investment restrictions.

The back-and-forth comes just days before Commerce Secretary Wilbur Ross is scheduled to visit Beijing to continue talks with Chinese officials.

US President Donald Trump has put a missile, in the form of trade sanctions, back on the launchpad, started fueling it, and programmed its computer to strike Beijing.

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The Chinese government said the announcement "is obviously in violation of the consensus reached in Washington recently by both China and the United States". President Donald Trump's daughter was hosting a phone briefing Tuesday with reporters and abruptly left the call after one journalist questioned her recent acquisition of valuable trademarks for her fashion line in China.

But Chinese media had noted that the deal with the USA could see some Australian imports sidelined, including beef and wine, which had gained preferential access under Australia's Free Trade Agreement with China.

A list of potential tariff targets has already been published by the United States Trade Representative and it largely includes intermediate goods used by companies to make other products as well as some consumer goods like televisions.

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