U.S. - China Trade War Back-On?

CNN: White House slaps 25% tariff on $50 billion worth of Chinese goods

On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries.

The decision comes after top administration officials have tried to dampen fears of a trade war.

Treasury Secretary Steven Mnuchin said a trade war with China was "on hold" less than 10 days ago. And Commerce Secretary Wilbur Ross is expected in Beijing on Saturday to help ease trade tensions between the two major trading partners.

Beijing has previously pledged to retaliate against the 25 percent tariffs.

In a brief statement, the White House said the president plans to take "multiple steps" to protect domestic technology and intellectual property from certain "discriminatory and burdensome trade practices by China."

Read more ....

WNU Editor: The Chinese thought that after making a few concessions and promises last week, it would be back to normal. They definitely did not expect this .... Chinese state media slam U.S. trade announcement, say Beijing ready to fight (Reuters).

Update: Forget about tariffs. Millions of Chinese who go to the U.S. each year are more worried about where this is heading .... AP sources: US to impose limits on some Chinese visas (AP).

More News On The U.S. Proceeding With Tariffs On Chinese Goods

U.S. to continue trade actions against China: White House -- Reuters
Trump renews plan to impose tariffs on $50B of Chinese goods-- FOX News/AP
Trump hits China with $50B tariffs, investment restrictions -- Politico
US-China Trade Relations: White House Says $50 Billion Worth Of Chinese Goods Subject To 25% Tariff -- IBTimes
Trump breaks trade cease-fire with China ahead of Ross visit to Beijing -- Politico
Trump just made a move that looks set to reignite trade tensions with China -- Business Insider