White House to Impose Tariffs on $50 Billion of Chinese Goods

Trump Moves Ahead With Tariffs and Other Trade Sanctions Against China

Trump's China tariffs could be imposed in June

The US trade sanctions proposed in March include restrictions on Chinese investment, export controls and 25 percent tariffs on as much as $50 billion in Chinese tech goods.

President Donald Trump said Tuesday he is moving to finalize trade sanctions against China even as a United States delegation is set to travel to Beijing for talks to resolve the dispute.

The United States "will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology", the press service said.

The White House said it will announce the final list of covered imports by June 15, 2018, and the tariffs will be imposed shortly thereafter.

The White House's latest tariff action focuses on advanced technologies, such as robots and electric cars that China has said it wants to develop under its "Made in China 2025" program.

The Trump administration is preparing to establish limits on Chinese visa applications to protect US intellectual property, a State Department official told Bloomberg on Tuesday.

The Donald Trump administration continued to tamp down enthusiasm for progress in trade talks with China on Wednesday, when National Trade Council director Peter Navarro contradicted earlier statements from the White House suggesting that the trade conflict was "on hold".

A truce between China and the United States said to put a trade war on hold has dissolved in less than two weeks.

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In addition to affecting Chinese companies that export products into the USA, the tariffs could also affect multinational OEMs that have shifted their manufacturing to China to take advantage of lower labor costs.

The US government has threatened to impose tariffs on $50bn of imports from China unless Beijing addresses the issue of the theft of American intellectual property, once again raising the prospect of a trade war. China has said it will respond in kind to threats by Trump.

A team of USA negotiators arrived in China on Wednesday for preliminary trade talks in advance of Commerce Secretary Wilbur Ross scheduled trip to Beijing this weekend. The State Department said that under the new policy, USA consular officers may limit how long visas are valid, rather than the usual practice of issuing them for the maximum possible length.

However, none of the tariffs above came into effect.

The US will also continue to pursue litigation at the World Trade Organisation for violations of the Agreement on Trade-Related Aspects of Intellectual Property Rights based on China's discriminatory practices for licensing intellectual property, the statement said.

China retaliated by imposing additional tariffs worth about Dollars three billion on 128 U.S. products. Officials have long contended that China has engaged in theft of intellectual property and unfair practices such as forced technology transfers.

Commerce Secretary Wilbur Ross is to visit Beijing this week to try and get China to agree to firm numbers for additional USA exports to the country.

"Trump is going on offense, reverting to his earlier instincts on China and re-empowering the trade hawks in his Cabinet", Eurasia Group said. In March, the United States filed a complaint at the WTO accusing China of breaking WTO rules by denying USA companies "basic patent rights".

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