The White House released a statement by President Donald Trump announcing an additional $100 billion in tariffs against Chinese goods unless China ceases its unfair policy of forcing American companies to turn over technology in return for trade.
From the office of the press secretary:
Following a thorough investigation under section 301 of the Trade Act of 1974, the United States Trade Representative (USTR) determined that China has repeatedly engaged in practices to unfairly obtain America’s intellectual property. The practices detailed in the USTRs investigation have caused concern around the world. Chinas illicit trade practices ignored for years by Washington have destroyed thousands of American factories and millions of American jobs. On April 3, 2018, the USTR announced approximately $50 billion in proposed tariffs on imports from China as an initial means to obtain the elimination of policies and practices identified in the investigation.
Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of Chinas unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs. I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests.
Notwithstanding these actions, the United States is still prepared to have discussions in further support of our commitment to achieving free, fair, and reciprocal trade and toprotect the technology and intellectual property of American companies and American people. Trade barriers must be taken down to enhance economic growth in America and around the world. I am committed to enabling American companies and workers tocompete on a level playing field around the world, and I will never allow unfair trade practices to undermine American interests.