22 March 2018 Trump Administration announces imposition of $50 billion in tariffs on Chinese origin goods — specific product list to be announced President Trump executed a Presidential Memorandum on March 22, directing the Administration to take a full range of action responding to China's acts, policies and practices involving unfair and harmful acquisition of US technology. The action is based on a report released the same day by the United States Trade Representative (USTR) providing findings of an investigation conducted under Section 301 of the Trade Act of 1974. The investigation concluded that China's forced or coerced transfers of US technology burden or restrict US commerce, and an interagency team of subject matter experts and economists have estimated the harm to the US economy of at least US$50 billion annually. Document ID: 2018-0636 |
