Thursday, March 22, 2018

Trump Seeks New China Tariffs, as Trade War Worries Mount


The move comes as Trump on what he sees as unfair trade practices, even as markets remain skittish about a possible trade war.

by Ali Vitali

WASHINGTON — President Donald Trump on Thursday directed his top trade adviser to level an estimated $50 billion in new tariffs against Chinese goods, taking his latest action against what he sees as unfair trade practices even as markets remain skittish about a possible trade war.

“The bottom line here,” top White House trade adviser Peter Navarro told reporters Thursday morning, is “what the U.S. is doing is simply strategically defending itself against this particular form of economic aggression” from China.

Navarro called China’s attempts to dominate technology and intellectual property fields an “anathema to a free market global trading system.”

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