Donald Trump Seeking Tariffs on $60 Billion Goodsfrom Chinese, Targets Tech and Telecoms

By Gage Skidmore via Wikimedia Commons

On Tuesday, a source who had discussed the said issue with the White House said that the administration of Donald Trump, the President of the United States of America, is seeking to impose tariffs on $60 billion (£42.9 billion) worth of imports from China and will target the telecommunications and technology sectors.

It was reported by Politico earlier that President Trump had rejected the proposals for tariffs on Chinese imports amounting to $30 billion.

The source said that the said tariffs would not be limited to telecommunications and technology equipment.

China operates a trade surplus amounting to $375 billion with the United States of America, and when the top economic adviser of President Xi Xinping recently visited Washington, the administration urged him to come up with a way of decreasing that number.

Donald Trump came to office on a protectionist agenda, and his first action as the president was to remove the United States out of the 14-nation Pacific trade pact, which is known as the Trans-Pacific Partnership (TPP).

He has started discussions to renegotiate the North American Free Trade Agreement (NAFTA) and most recently, he imposed tariffs on aluminium and steel imports.

While the tariffs on aluminium and steel, which was announced last week by President Trump, are perceived as relatively insignificant in terms of exports and imports, the moves to directly target China risk a harsh and direct response from Beijing.