Report: Trump to Take Tariff Hammer to China in Next Step of Trade Wars Report: Trump to Take Tariff Hammer to China in Next Step of Trade Wars – NTK Network

Report: Trump to Take Tariff Hammer to China in Next Step of Trade Wars

The New York Times reported Trump will seek tariffs on China, which could be north of $30 billion a year.

By NTK Staff | 03.16.2018 @1:00pm
Report: Trump to Take Tariff Hammer to China in Next Step of Trade Wars

After controversial tariff action on steel and aluminum imports that, in particular, impacted NAFTA renegotiations with Mexico and Canada, President Trump is planning to take his tariff hammer to China in the coming weeks.

The New York Times reported:

Mr. Trump and his top trade advisers are readying a raft of actions to penalize China’s theft of American intellectual property, including tariffs on at least $30 billion of annual Chinese imports, people familiar with the discussions said.

The measures, which could be announced as early as next week, may also include investment restrictions, caps on visas for Chinese researchers and challenges to China’s trade practices at the World Trade Organization. Those familiar with the planning cautioned that the timing could be delayed, and that such measures are likely to be introduced in stages.

President Trump has insisted in recent weeks that “trade wars are good, and easy to win.” His comments would suggest that, despite Republican opposition, the president is eager for a trade war with China.

It would be another tough step against China, after President Trump blocked an effort by Singapore-based chipmaker Broadcom to launch a hostile takeover of San Diego-based Qualcomm. The Trump administration’s blocking of the deal earned him praise from The New York Times editorial board, as NTK Network reported on Thursday.

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