Didn’t start the fire

22 March 2018 By Christopher Beddor Follow @cbeddor

The U.S. president ordered sweeping duties and investment restrictions. A trade swipe against the PRC has been brewing for years. The issues at stake – state capitalism, intellectual-property theft and national champions – are deep-seated, and tariffs may prove largely symbolic.

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U.S. President Donald Trump signed a memorandum on March 22 to direct the United States Trade Representative to publish a list of tariffs on Chinese imports within 15 days. The Treasury Department will also draw up proposed restrictions on Chinese investment in the United States within 60 days.

Trump said the tariffs could impact around $60 billion of Chinese imports.

The tariffs are in response to an investigation, started in August, into how Chinese policies adversely impact U.S. innovation and intellectual property.

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