Trump signed an order that paves the way for the introduction of tariffs on imports of Chinese goods
News24xx.com - President of the United States Donald Trump signed an order that paves the way for the introduction of tariffs on imports of Chinese goods worth $ 60 billion.
Such an action, committed on Thursday, is seen as a direct shot in the turbulent trade war between the two largest economies of the world.
Saying that this will be the "first of many" trading operations, Trump said that this measure was aimed at punishing Beijing for alleged theft of American technology, as well as Chinese pressure on American companies to pass it on.
"The emergency situation with the theft of intellectual property continues," Trump told reporters.
The White House said that Trump would instruct the US Trade Representative Office (USTR) to publish a detailed list of goods for the proposed tariffs within 15 days. Torg.Fed. The United States has already identified potential targets: 1,300 product lines worth about $ 48 billion.
The president also asks Treasury Secretary Stephen Mnuchin to draw up a list of restrictions on Chinese investments.
Referring to the US trade deficit with China of $ 375 billion, which he blamed for the loss of jobs for Americans, Trump said: "This is the biggest deficit in any country in the history of our world that is beyond control."
Beijing has already warned that it will take "all necessary measures" to protect itself, increasing the likelihood of a trade war between the two economic powers.
"China on Thursday confirmed that they will defend their interests at all costs," Scott Heidler of Al Jazeera from Shanghai said, noting that Chinese officials believe that the requirement for mutual trade between the two countries is "unrealistic."
"Earlier they said that if any tariffs were received from the US, they would take retaliatory measures," he added.
"It was reported that the retaliatory strike is likely to be slow and steady, and not comprehensive, but we really will not know what it will be for the blow, the earliest - until Friday."
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