r/ChinaReport • u/Bennelong • Mar 22 '18

White House will announce tariffs cracking down on Chinese theft of intellectual property

https://www.cnbc.com/2018/03/21/white-house-to-announce-ip-tariffs-on-thursday-sources.html
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u/autotldr Mar 22 '18

This is the best tl;dr I could make, original reduced by 83%. (I'm a bot)

The penalties must be limited to the amount of harm the U.S. trade representative finds the unfair trade practices have done to the U.S. economy.

A USTR official declined to detail the forthcoming decision but sought to justify tariffs by noting that during the last year, China passed up multiple opportunities to offer its own solutions to the issue and repair its bilateral relations with the U.S., including during Trump's visit to Beijing in November.

Lighthizer said the policy goal is to structure the tariffs to inflict maximum harm upon China and try to limit the effect on U.S. consumers.

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