President Donald Trump on Tuesday fired another shot in an escalating trade skirmish with China.
The White House unveiling the specifics of its plan to slap tariffs on $50 billion worth of Chinese goods.
The sweeping list hits a range of high tech imports… some 1,300 separate product lines, including aerospace, information technology, communications, and robotics.
The move coming after China on Monday imposed its own tariffs on 128 products made in the US- everything from pork to wine to fruit and nuts.
But Trump is brushing off critics, even after the uproar following those steel and aluminum tariffs last month.
The US Trade Representative Robert Lighthizer says the $50 billion covers the harm caused to US businesses over quote “unreasonable technology transfer policies.”
A recent investigation ordered by Trump accused China of a long list of trade abuses, including coercing US firms into handing over their technology secrets as a price of doing business, whichChina has denied.