Watch Live: Trump Launches Trade War With China, Unveils $50 Billion In Tariffs

Zero Hedge | 3/21/2018 | Staff
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Update: President Trump will sign an executive memo that will enforce $50 billion in tariffs against China over IP theft, an administration officials tell reporters. The full list of tariffs will be published within 15 days, opening a 30 day public comment period before they take effect, so there is a 1 month grace period before the trade wars officially start.

According to the official, many of the proposals reflect areas where China has sought to acquire advantage through unfair acquisition or forced tech transfers from U.S. companies.

Stocks - Headlines - Start - Trade - War

Stocks briefly popped on the headlines as, supposedly, this pushed the start of the trade war off by 60 days.

President Trump will fire the first shots (retaliatory or not) in the new global trade war today as he announces plans to crack down on China with what is expected to be $50 billion in tariffs, controls on investment, and possible visa restrictions.

American - Officials - Concerns - China - IP

As we detailed previously, American officials have been raising their concerns about China’s IP practices since Bill Clinton was president, and Beijing has repeatedly failed to deliver on promises to reform, but now, as Bloomberg reports...
(Excerpt) Read more at: Zero Hedge
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