President Trump Imposes New Tariffs On China Over Intellectual Property Theft
‘Suspicious Device’ Spotted At A Florida High School Turns Out To Be A ‘Hoax’
March 22, 2018House Passes The Spending Bill, And Members Of The House Freedom Caucus Send An Urgent Letter To President Trump
March 22, 2018This just in. President Trump just signed a memo imposing tariffs on China over intellectual property theft.
President Trump is signing a memorandum on Thursday directing the office of the U.S. Trade Representative to impose an estimated $50 billion in tariffs on China that will go into effect in at least 45 days.
The tariffs will target what White House trade adviser Peter Navarro described on a conference call with reporters as China’s market distorting and “discriminatory practices” to steal American intellectual property and unfair technology transfers.
Deputy director of the National Economic Council Everett Eissenstat, who was also on the call, said that USTR will publish a “long list” of proposed Chinese imports within 15 days. A notice and comment period will then open up for stakeholder input.
The Treasury department has until 60 days from memorandum’s signing to submit recommendations for a final list of tariffs.
"We have a trade deficit [with China], depending on the when you calculate, of $504 billion. Some people would say it's really $375 billion. Many different ways of looking at it," President Trump claims https://t.co/790g86Yhtp pic.twitter.com/SfnQaQJsZp
— CBS News (@CBSNews) March 22, 2018
"I have been speaking with the highest Chinese representatives, including the president. I have asked them to reduce the trade deficit immediately by $100 billion. That's a lot," President Trump says https://t.co/790g86Yhtp pic.twitter.com/ajZROudGx8
— CBS News (@CBSNews) March 22, 2018
"We have spoken to China and we are in the midst of a very large negotiation. We will see where it takes us. In the meantime, we are sending a Section 301 action," President Trump says https://t.co/790g86Yhtp pic.twitter.com/baTE3hNPxQ
— CBS News (@CBSNews) March 22, 2018
.@POTUS: "We're doing things for this country that should've been done for many, many years." pic.twitter.com/cZrsL0qMQf
— Fox News (@FoxNews) March 22, 2018
WATCH: President Trump, ignoring reporters' shouted questions, signs memorandum ordering new tariffs on Chinese imports that will go into effect in at least 45 days https://t.co/790g86Yhtp pic.twitter.com/0R6Y6XZNen
— CBS News (@CBSNews) March 22, 2018
What a day.
