(Mar 23): President Trump on Thursday signed a memorandum directing his administration to take a range of actions against China centered on technology industries in response to the nation’s “economic aggression”. The tariffs were triggered by the Section 301 Investigation that the Office of the US Trade Representative initiated on August 2017. The investigation found that China’s policies resulted in at least USD 50bn in annual harm to the US economy. This is the likely amount of Chinese imports that will be targeted with tariffs, or about 10% of total US imports from China. The detailed list of targeted products will be announced within 15 days and is expected to focus on 10 strategic sectors including robotics and aerospace.

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