Trump hits China with tariffs on $50 billion worth of exports

Source: Washington Examiner | June 15, 2018 | Sean Higgins

The Trump administration on Friday formally hit China with a 25 percent tariff on $50 billion worth of Chinese goods, and added 284 items to the list of goods that will be affected.

“My great friendship with President Xi [Jinping] of China and our country’s relationship with China are both very important to me. Trade between our nations, however, has been very unfair, for a very long time. This situation is no longer sustainable,” President Trump said Friday.

“China has, for example, long been engaging in several unfair practices related to the acquisition of American intellectual property and technology,” he said. “These practices … harm our economic and national security and deepen our already massive trade imbalance with China.”

The tariffs mainly hit industrial sectors such as aerospace, information and communications technology, robotics, industrial machinery, new materials, and automobiles. The list does not include goods commonly purchased by American consumers such as cellular telephones or televisions, the administration stressed.

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