The following article by David J. Lynch and Danielle Paquette was posted on the Washington Post website July 10, 2018:
President Trump escalated his trade war with China on June 18, and threatened to put in place tariffs on $200 billion worth of Chinese goods. (Reuters)
President Trump escalated his trade war with China Tuesday, identifying an added $200 billion in Chinese products that he intends to hit with import tariffs.
The move makes good on the president’s threat to respond to China’s retaliation for the initial U.S. tariffs on $34 billion in Chinese goods, which went into effect on Friday, and would eventually place nearly half of all Chinese imports under tariffs.
Administration officials said the tariff fight is aimed at forcing China to stop stealing American intellectual property and to abandon policies that effectively force U.S. companies to surrender their trade secrets in return for access to the Chinese market.
View the complete article on the Washington Post website here.