On Tuesday, it was reported by Politico that sources close to the White House are expecting President Donald Trump to announce a massive “package of tariffs” against China in the weeks to come.
These tariffs against China come after the alleged stealing of intellectual property, and the dumping of cheap goods into America. After the president was shown a package of tariffs against China by U.S. Trade Representative Robert Lighthizer, Trump demanded the tariffs be harder on China.
Report from Politico:
During the meeting, which hasn’t been previously been reported, U.S. Trade Representative Robert Lighthizer presented Trump with a package of tariffs that would target the equivalent of $30 billion a year in Chinese imports. In response, Trump urged Lighthizer to aim for an even bigger number – and he instructed administration officials to be ready for a formal announcement in the coming weeks, according to two people involved in the administration’s trade deliberations. [Emphasis added]
That sent senior officials at the White House, Treasury Department, State Department, Justice Department, the Office of the U.S. Trade Representative and other key agencies scrambling this week to finalize the proposal. While the details were still in flux, aides said the administration is considering tariffs on more than 100 Chinese products ranging from electronics and telecommunications equipment to furniture and toys. [Emphasis added]
Levi Perry, owner and editor-in-chief of The Daily Lev.