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• Admin
• 2018/3/23

The United States announced a 50 billion dollar tariff trade war on China.

The president of the United States Trone Puding on Thursday (March 22nd) signed a memorandum of administrative, the memorandum will be levied on tens of billions of dollars of retaliatory tariffs on imported products Chinese.

These new measures are aimed at punishing China's trade behavior. The Trump administration says these actions involve stealing intellectual property rights from American businesses. They will focus on some of the products of China in the field of technology, and China has a better advantage over the United States in this respect.

The United States trade representative Wright Heise led a so-called 301 investigation, according to the China on America's potential unfair trade behavior were investigated.

According to the latest news from Sina, the United States has announced a $50 billion tariff on China to punish China for violating intellectual property rights. The United States may seek further restrictions on Chinese acquisitions in the United States. The United States will challenge China's licensing practices in the WTO.

China's foreign ministry said on Thursday that if China did not want to buy products sold by the United States, it should not be punished.

Wright Haize also hinted that the United States may be due to its more fair trade environment in the promotion of the failure of the world trade organization to take action. The Wall Street Journal reported on Tuesday that the Trump administration is weighing the possibility of filing a lawsuit against WTO's policy on China's trade in China.

The new trade restrictions have exacerbated concerns about the global trade war. The global trade war was reignited after Trump signed an executive order for extensive tariffs on steel and aluminum in March 8th.