Trump Orders Stiff Tariffs On China, In Hopes Of Cutting Trade Gap By $50 Billion
Trump ordered stiff new tariffs on a wide range of Chinese imports in response to what the White House calls China's unfair treatment of U.S. technology.
Updated at 1:38 p.m. ET
In a major escalation of the president's "America First" trade policy, the Trump administration is preparing to impose stiff tariffs on Chinese imports. The goal is to reduce the U.S. trade deficit with China by $50 billion. President Trump is also calling for new limits on Chinese investment in U.S. technology, in an effort to protect what the administration calls America's "economic seed corn."
