It is being reported that PresidentÂ Trump is seeking to impose tariffs on up to $60 billion in Chinese imports and will target the technology and telecommunications sectors.
While the tariffs would be chiefly aimed at information technology, consumer electronics and telecoms, they could be much broader. The White House declined to comment on the size or timing of any move, but some form thereof is on the way.
As can be expected, China is not taking these threats lightly. Chinese foreign ministry spokesman Lu Kang said that Sino-U.S. trade relations should not be a zero-sum game, and that the two countries should use â??constructiveâ?ť means to manage tension. â??We have said many times that China resolutely opposes any kind of unilateral protectionist trade measures,â?ť Lu stated. â??If the United States takes actions that harm Chinaâ??s interests, China will have to take measures to firmly protect our legitimate rights.â?ť
President Trumpâ??s team is targeting Chinese technology companies to punish China for its investment policies that effectively force U.S. companies to give up their technological secrets in exchange for being allowed to operate in the country, as well as for other intellectual property practices which Trump and his advisors consider unfair.
Click here to read the rest of the aricle, “No More Mr. Nice Guy for Chinaâ??s Technology Pirates.“
Sign up to the Human Events newsletter