Trump Announces Tariffs on At Least $50 Billion in Chinese Goods; GSP Renewal Passed by House
President Donald Trump signed a memorandum March 22 instructing the U.S. Trade Representative to ready a list of goods imported from China that will be subject to tariffs because of that country's policies of forced technology transfer, forced joint ventures, intellectual property theft and technology licensing restrictions.
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After the list is published, which a top White House official said will affect 1,300 tariff lines, the public will have 30 days to submit comments.
Separately, omnibus spending legislation was passed in the House that includes provisions to renew the Generalized System of Preferences, said the House Committee on Appropriations in a news release. The bill still needs Senate approval. The legislation did not include a Miscellaneous Tariff Bill.