President Donald Trump said he’s moving ahead with plans to impose tariffs on $50 billion of Chinese imports and curb investment in sensitive technology, ratcheting up pressure on Beijing days before the next round of trade negotiations.
In a statement Tuesday, the White House said a final list of targeted imports will be released by June 15 and the tariffs will be imposed “shortly thereafter.” It’s the most specific the administration has been about the timing for the duties to take effect.
The administration also said new restrictions on Chinese investment and enhanced export controls will be announced by June 30 and then implemented shortly after. China’s commerce ministry responded hours later with a statement, saying it was surprised by the U.S. announcement and remains confident the country can protect its interests.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!