White House to Impose Tariffs on $50 Billion of Chinese Goods

A computer screen displays an announcement on the Chinese Trademark Office website approving of the Ivanka Trump trademark to be used in wide variety of products from beverages to instant noodles and spices in Beijing China. China has approved 13 Ivank

China also promised to "defend the core interests of the people and the nations" in response to Trump's crackdown.

US Treasure Secretary Steven Mnuchin had said any trade war would be put on ice while negotiators thrashed out details and as part of the deal, China would reduce its trade advantage by buying more US goods such as agricultural and energy commodities.

The Trump administration said in its statement trade talks with China will continue and it will request China remove all of its many trade barriers, including non-monetary trade barriers, and that tariffs and taxes between the two countries be "reciprocal in nature and value".

The US trade sanctions proposed in March include restrictions on Chinese investment, export controls and 25 percent tariffs on as much as $50 billion in Chinese tech goods.

Trump has frequently focused on the trade deficit, urging China to boost its imports and lower the gap by $200 billion, while China has refused to agree to any dollar amounts.

The two countries earlier this month agreed to look at measures to reduce China's trade surplus with the USA in a move that appeared to reduce the risk of a trade war between the world's two largest economies.

"The United States will continue efforts to protect domestic technology and intellectual property, stop non-economic transfers of industrially significant technology and intellectual property to China, and enhance access to the Chinese market", the statement said. The investments especially related to technology which is related to industries. Politico's profile notes that Ross, who was brought in as a trade hardliner, has been eclipsed by USTRO Robert Lighthizer, who wrote the damning report on China's intellectual property theft in March.

China has pledged to retaliate against any tariffs imposed by the US.

But now the truce appears to be over.

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China has no reason to address issues brought up by the United States if the government's priorities appear to be constantly in flux, said Eric Altbach, senior vice president at Albright Stonebridge Group and former deputy assistant U.S. trade representative for China under President Barack Obama.

The Trump administration on Tuesday announced its plans to impose 25% tariff on $50 billion of Chinese imports.

Specifics of the new investment limits will be announced by June 30 and will take effect "shortly thereafter", the White House said. But according to the White House, the date of 15 June is announced which would finalize the question regarding tariffs.

If the new tough approach by the USA trade team is a negotiating tactic, China is warning it won't back down.

On Sunday, China granted the U.S. first daughter's company final approval for its 13th trademark in the last three months, trademark office records show.

"As a long-term strategy, I don't see him backing down in his demands on China", Moore said.

Congressman Matt Gaetz commended Trump for taking action against China's ruthless and unfair trade practices, as well as its state-sponsored theft of American innovators' intellectual property (IP).

Economists estimate that USA exports could rise by up to $90 billion over a period of years.

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