Bloomberg report that US President Trump is to sign in $50 billion in China tariffs on Thursday 1230pm eastern US time
I posted this a couple of days ago:
And earlier today I posted the heads up t the Thursday announcement:
Bloomberg now with a little more detail:
- President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter.
- The president is considering targeting more than 100 different types of Chinese goods, according to the person, who spoke on the condition of anonymity.
- The value of the tariffs was based on U.S. estimates of economic damage caused by intellectual-property theft by China, the person said.
- "Tomorrow the president will announce the actions he has decided to take based on USTR's 301 investigation into China's state-led, market-distorting efforts to force, pressure, and steal U.S. technologies and intellectual property," White House official Raj Shah said in an emailed statement on Wednesday.
