The Trump administration's plan to slap another 60 billion dollars worth of tariffs on China raises concerns of an escalating trade war. The US is also looking to file new complaints against China at the World Trade Organization. Our correspondent Nathan King has this report from the White House.
After a months' long investigation the US president says China is guilty as charged.
DONALD TRUMP US PRESIDENT "We have one particular problem - and I view them as a friend, I have tremendous respect for President Xi - and that's China."
The Trump administration says China is conducting a state-run scheme to steal intellectual property forcing technology transfers. He says, as a result, the US needs to implement tariffs on Chinese imports, amounting to around 60 billion dollars. He also wants to impose more curbs on Chinese investment in the United States. And, Trump plans to file a complaint at the World Trade Organization.
Before implementing the tariffs, the White House will hear from US businesses who are going to be hit by them - as soon as 15 days from now. Separately, the US Treasury has up to 60 days to come up with new curbs on Chinese investment in the US. The US says it will protect industries targeted in China's 2025 plan that seek to be global competitors in the industries of tomorrow - industries like aerospace engineering, medicine and robotics.
ROBERT LIGHTHIZER US TRADE REPRESENTATIVE "There are some areas that you just have to protect yourself from. They're not going to change their attitude on these things. But we need to be in a position where US industry is not wiped out because of it. And if we don't do that, shame on us."
NATHAN KING WHITE HOUSE "Many US businesses - from retailers to car giants to farmers - disagree. They know that if China retaliates they could be hit hard. 'Making America Great Again', they say, doesn't mean everyone else has to lose. Nathan King, CGTN, at The White House, Washington DC."