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U.S. to Move Ahead with Tariffs on Chinese Goods

Tuesday, May 29, 2018

(North American Meat Institute)

The Trump administration announced that it will move ahead with plans to impose 25 percent tariffs on $50 billion worth of Chinese goods containing "industrially significant technology," including those products related to the 'Made in China 2025' program. The list of targeted goods will be announced by June 15 and imposed shortly thereafter. The administration also said new restrictions on Chinese investment and enhanced export controls will be announced by June 30, with implementation soon after.

The announcement precedes a third round of trade talks set to take place June 2-4 in Beijing, where U.S. Commerce Secretary Wilbur Ross is scheduled to lead the U.S. delegation in the negotiations. The decision to impose further restrictions on China follows a new national security investigation, announced by the administration last week, into imports of cars and trucks - a probe that could lead to additional tariffs against China as well as key U.S. allies including Canada, Mexico, Japan and Germany.

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