US announces timeline for 25% tariff on Chinese tech products

US to Impose 25% Tariff on Tech Goods From China - White House

White House to hit China with tech tariffs ahead of trade meeting | TheHill

The administration laid out a list of abusive trading actions by China - including placing high tariffs on U.S. goods and banning some imports - that have led to America's $375 billion trade deficit in 2017.

A final list of the imports subject to the tariffs will be released June 15 and the investment restrictions will be announced on June 30.

The Chinese government urged President Donald Trump to come back to the negotiating table after the White House announced that the U.S. would move forward with a crackdown on trade with China.

When he announced the initial plan to impose tariffs, the president also instructed the Treasury Department to draw up new curbs on investments in the U.S.by Chinese companies.

"The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology", the White House said in a brief statement.

The United States said that it will continue pursuing steps regarding trade with China, days after Washington and Beijing stated a tentative solution to their dispute and suggested that tensions had cooled.

The tariffs and investment restrictions, as well as a case brought by the U.S. against China before the World Trade Organisation, are the outcome of an investigation launched a year ago into intellectual property practices in China.

The White House said on Tuesday: "Discussions with China will continue on these topics, and the United States looks forward to resolving long-standing structural issues and expanding our exports by eliminating China's severe import restrictions". Commerce Secretary Wilbur Ross is expected to travel to China later in the week.

These actions were announced following a report of the Office of the US Trade Representative regarding China's practices with respect to technology transfer, intellectual property and innovation.

In this November 9, 2017 file photo, President Donald Trump and Chinese President Xi Jinping shake hands during a joint statement to members of the media Great Hall of the People in Beijing, China.

The United States has also long complained that China forces USA companies to share technology with Chinese firms as part of joint ventures in order to gain access to its market.

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