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Mon, Nov 19, 2018 | Last Updated 12:51 pm IST

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Trump targets Chinese Imports

Trump targets Chinese Imports
Trump targets Chinese Imports
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Washington sources reported that President Donald Trump said Tuesday that he would proceed with tariffs on $50 billion (roughly Rs. 3,37,000, crores) in Chinese imports and introduce new limits on Chinese investment in U.S. high-tech industries as part of a broad campaign to crack down on Chinese acquisition of U.S. technology.



Accordingly the moves, less than 10 days after Treasury Secretary Steven Mnuchin said the trade war with China was "on hold," appear designed to create bargaining leverage for Commerce Secretary Wilbur Ross, who is due to arrive in Beijing on Saturday for talks aimed at cooling trade tensions.

Trump targets Chinese Imports

Further the sudden policy shifts are amplifying an air of unpredictability that the president has said gives him an edge at the bargaining table, even as U.S. trading partners complain that it erodes American credibility. Moreover adding to the confusion are divisions among Trump's trade advisers and complaints from members of Congress, who fear that the president may be stumbling into a costly multi-front trade war.

Trump targets Chinese Imports

Trump targets Chinese Imports
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Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.