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You are here News Politics Trump orders tariffs worth billions against China for 'aggression'

Trump orders tariffs worth billions against China for 'aggression'

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Trump signs China tariff billPresident Donald Trump signed a presidential order Thursday to impose new tariffs on imported Chinese products, as a means to stem "economic aggression" by Beijing.

The announcement slaps billions of dollars in potential fiscal penalties on Chinese imports that Trump said will "make us a much stronger, much richer nation."

"We want reciprocal, a mirror," he added. "If they charge us, we charge them the same thing. That's the way it's gotta be."

The tariffs, which could be worth about $60 billion, are the result of a Section 301 trade investigation launched last summer. The inquiry found that Chinese theft of U.S. intellectual property is costing the U.S. economy billions of dollars.

"We have a tremendous intellectual property theft situation going on, which likewise is hundreds of billions of dollars, and that's on a yearly basis," Trump said.

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