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.
