Trump announces tariffs on $50 bn in Chinese imports

WASHINGTON: In this file photo, US President Donald Trump listens to a question from the press before departing the White House for the G7 summit in Washington, DC.-AFP

Washington: US President Donald Trump today announced tariffs of 25 percent targeting $50 billion in Chinese imports from “industrially significant” technologies, making good on a pledge to punish the alleged theft of American intellectual property. In a statement, Trump also warned of “additional tariffs” should China retaliate with countermeasures on American goods and services exports. “The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices,” Trump said.-AFP

This article was published on 15/06/2018