US announces timeline for 25% tariff on Chinese tech products

US announces timeline for 25% tariff on Chinese tech products

6 years ago
Anonymous $CLwNLde341

https://techcrunch.com/2018/05/29/us-announces-timeline-for-tariff-on-chinese-tech-products/

After significant back-and-forth over the past few months, the White House intends to follow through with a pledge to place tariffs on imported Chinese technology goods while also tightening restrictions on investments by Chinese firms into American companies.

In a statement posted by the White House this morning, the administration said that it would impose a 25 percent tariff on $50 billion of Chinese high-tech goods “containing industrially significant technology.” That follows the conclusion of the U.S. Trade Representative’s Section 301 investigation into China’s industrial and intellectual property policies. What goods will be included in the tariff policy has been up for debate, but the final list will be released on June 15th. This package of tariffs is different than a separate package of tariffs focused on steel and aluminum production announced earlier this year.