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Trump Faults China's Economic Policy as Threat to U.S. Security
By and
Updated on
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Beijing accused of promoting theft of intellectual property
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European Union triggers first phase of retaliation over duties
Goldman's Blankfein Says There's a Lot of Frustration With China
The world economy lurched closer to an all-out trade war as the Trump administration accused China of threatening U.S. economic interests and as the European Union made good on its threat to hit American goods with retaliatory tariffs.
A scathing report, posted late Tuesday by the White House, blamed Beijing for hijacking intellectual property and pursuing destructive industrial policies, saying the nation’s spectacular economic growth “has been achieved in significant part through aggressive acts, policies and practices that fall outside of global norms and rules.”
