President Trump has lamented the fact that past administrations have allowed China to exploit the U.S. in unfair trade deal over the years.
Consequently, his administration plans to impose an estimated $50 billion in tariffs on Chinese goods.
Additionally, he plans to limit China’s investment activity in the U.S. in retaliation purportedly for years of intellectual property theft.
The White House viewed its actions as a step in the right direction to not only counter unfair competition from China but to protect the U.S. economy.
It also posited that years of talks about the issue failed to produce any meaningful change.
China said it was ready to retaliate with necessary measures.
U.S. President Donald Trump said he is looking for reciprocal trade terms for American companies.
Carol Maye, Readers Bureau, Fellow
Edited by Jesus Chan
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