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Trump makes Chinese tariffs official

Joe Mont | June 15, 2018

President Trump has announced the execution of $50 billion in new tariffs on Chinese goods. “In light of China’s theft of intellectual property and technology and its other unfair trade practices,” the United States will implement a 25 percent tariff on an array of goods from China “that contain industrially significant technologies,” he said in a statement released on Friday.

“This includes goods related to China’s Made in China 2025 strategic plan to dominate the emerging high-technology industries that will drive future economic growth for China, but hurt economic growth for the U.S. and many other countries,” Trump added.

“My great friendship with President Xi of China and our country’s relationship with China are both very important to me,” he said. “Trade between our nations, however, has been very unfair, for a very long time. This situation is no longer sustainable. China has, for example, long been engaging in several unfair practices related to the...

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