• Trump considers indefinite tariffs, investment restrictions against China

    14 Mar 2018 | Economic News


President Donald Trump's administration is considering a trade package including indefinite tariffs, investment restrictions and possible visa restrictions on Chinese travelers, a source told CNBC Tuesday.

The new package was crafted in response to the findings from a recent investigation of China by U.S. Trade Representative Robert Lighthizer.

The so-called Section 301 investigation was formed to determine whether China's practices were "unreasonable or discriminatory and burden or restrict U.S. commerce."

Trump may impose tariffs on $60 billion of Chinese goods, Reuters reported Tuesday, citing a source who had discussed the issue with the White House.

The potential tariffs would target the technology and telecommunications sectors, according to Reuters, but would not be limited to those sectors.

Politico reported earlier that Trump had rejected proposals for tariffs on $30 billion of Chinese imports, demanding instead even steeper duties on China.


Reference: CNBC

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