The president’s bid to slow China’s technological advancement could escalate into a trade war, and end up disadvantaging American businesses in the process.
Backstory: Last month, Trump vowed to place 25 percent levies on some imports from China. The aim is to punish the nation for alleged theft of US intellectual property, which the current administration says is helping China’s rise as a tech power.
The news: The Office of the US Trade Representative published a list of $50 billion worth of Chinese goods that will be subject to the levies. They include semiconductors, robots, consumer electronics components, nuclear reactors, vehicles, drugs, and more.
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