White House Set to Place Tariffs on $50 Billion of China Goods Despite Truce

By Chris Stevenson

The US will keep taking action against China over trade, the White House has said, just over a week after agreeing to put the dispute "on hold".

Washington will release a list of some $50 billion worth of Chinese goods that will be subject to a 25 per cent tariff on 15 June, the White House said in a statement. The United States will also continue to pursue litigation against China at the World Trade Organisation (WTO).

In addition, the Trump administration will announce investment restrictions and “enhanced export controls” for Chinese individuals and entities “related to the acquisition of industrially significant technology” by the end of June.

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Source: The Independent