USTR Releases List of Products Proposed for Section 301 Tariffs
The Office of the U.S. Trade Representative released a proposed list of tariffs on some $50 billion worth of Chinese imports. "Sectors subject to the proposed tariffs include industries such as aerospace, information and communication technology, robotics, and machinery," said the USTR in a news release.
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The tariffs likely wouldn't take effect before June as a result of the administrative process.
The tariffs, a result of a Section 301 investigation, are meant as a response to a pattern of forced technology transfers, intellectual property theft and cyber business espionage. The Chinese ambassador to the U.S. warned on April 2 that China would likely retaliate with tariffs of similar scope in response to Section 301 tariffs.