It’s everything from sewing needles to ski lifts. The United States Trade Representative announced more than 1300 goods that may be subject to up to 25 percent in tariffs when imported from China.
According to USTR, “The total value of imports subject to the tariff increase is commensurate with an economic analysis of the harm caused by China’s unreasonable technology transfer policies to the U.S. economy.”
U.S. President Donald Trump highlighted the trade deficit with China just hours before the announcement at a summit with European leaders. He emphasized the need to protect U.S. intellectual property as the driving force behind the tariffs.
To discuss the latest developments in U.S.-China trade:
- Nathan King is a correspodent with CGTN.
- Paolo von Schirach is president of the Global Policy Institute.
- Arthur Dong is a business professor at Georgetown University.
- John Sitilides is a global risk analyst with Trilogy Advisors.