The Trump administration is planning to extend commerce strain on China by threatening to dam Chinese language expertise funding in the USA, The Wall Road Journal reported, citing officers acquainted with the matter.
The Journal additionally mentioned the U.S. could launch particulars as early as subsequent week on which Chinese language merchandise might be focused within the administration’s preliminary name for 25 p.c tariffs on $100 billion value of imports. The report mentioned the ban on Chinese language funding in U.S. expertise might be everlasting.
Trump mentioned final week he has requested the USA Commerce Consultant to think about $100 billion in extra tariffs towards China. Final month, the U.S. slapped tariffs on as much as $60 billion in annual Chinese language imports.
Commerce tensions between the U.S. and China have elevated lately, because the Trump administration takes a extra protectionist stance towards commerce issues. These tensions have weighed on monetary markets lately as traders worry a commerce conflict between the 2 largest world economies could also be across the nook.
Learn The Wall Road Journal’s full report right here.