U.S. Levies Tariff on $50 Billion in Chinese Tech Goods

The Trump administration announced on Tuesday that it would levy $50 billion of tariffs on certain Chinese tech imports, implement investment restrictions, and enhance export controls on Chinese tech on the basis of national security.

The Tuesday announcement is the result of President Donald Trump’s March 22 executive order initiated to “protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China.” The order followed a report from the U.S. Trade Representative’s office regarding Chinese trade practices and stealing of U.S. intellectual property.