Showing posts with label Trump's China tariffs get bipartisan support. Show all posts
Showing posts with label Trump's China tariffs get bipartisan support. Show all posts

Thursday, 22 March 2018

Trump's China tariffs get bipartisan support, reflecting widespread U.S. disillusionment with Beijing

President Trump's decision to order some $50 billion in tariffs on a wide range of Chinese imports, despite the risk of setting off a wider trade war, met with bipartisan approval Thursday, reflecting the growing disillusionment with Beijing on the part of many American officials and business leaders.

The order was the largest move yet in Trump's rapidly unfolding effort to use tariffs — taxes on imported goods — to counter what he sees as unfair trade practices by other countries. It aimed to stop what U.S. officials describe as a years-long effort by China to steal American technology.

The move came on the same day that administration officials announced a significant scaling back of another major trade initiative — Trump's announcement two weeks ago of tariffs against imported steel and aluminum. Officials announced that countries responsible for more than half of U.S. steel imports and a similar share of aluminum would be exempted, more tightly focusing that weapon on China as well.