Caixin
Mar 22, 2018 05:28 AM
ECONOMY

Trump’s Rumored Tariff Plan Sparks Fears of Sino-U.S. Trade War

U.S. President Donald Trump signs an order on Aug. 14 instructing U.S. Trade Representative Robert Lighthizer to investigate China’s intellectual property practices. Photo: VCG
U.S. President Donald Trump signs an order on Aug. 14 instructing U.S. Trade Representative Robert Lighthizer to investigate China’s intellectual property practices. Photo: VCG

Tensions between Washington and Beijing are running high as the Trump administration is reportedly set to unveil tariffs worth as much as $60 billion annually on Chinese products — a move many fear would lead to a trade war.

U.S. media outlets reported that the White House is likely to announce punitive tariffs on Chinese imports by Friday. The tariffs reportedly would apply to $30 billion to $60 billion worth of Chinese goods a year, covering technology, telecommunications and consumer products. Other curbs, such as further restrictions on Chinese investment in the U.S., may follow.

You've accessed an article available only to subscribers
Get 30 days of access for $0.99.
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.