President Trump Imposes New Tariffs On China - FbiCables Network | The News that Shapes World Opinion

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Friday, March 23, 2018

President Trump Imposes New Tariffs On China

President Trump officially announced new tariffs on Chinese imports as his administration pushes for free and fairer trade.
President Donald Trump signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington. (AP Photo/Evan Vucci)
From the White House, the president signed a memorandum to impose tariffs on nearly $60 billion worth of Chinese products in a move aimed at curbing intellectual property theft of American technology.
He also directed the Treasury Department to crack down on Chinese investment in the U.S., giving the department a 60 day deadline to release its plan.
The announcement follows a seven-month long investigation that found China has been unfairly forcing U.S. companies to turn over valuable technology before doing business in the country.
The findings of the probe are expected to be released Thursday.

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