Economics
Trump Closes Era of Constructive Economic Engagement With China
- Tariffs on Chinese goods signal U.S. frustration with talks
- China says it doesn’t want trade war but won’t back down
U.S. Tariffs on China to Target Tech, White House's Navarro Says
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The U.S.’s era of constructive engagement with China on economic matters is over.
That was the message as President Donald Trump ordered tariffs on Chinese imports worth $50 billion and investment curbs on Chinese companies. After nearly half a century of trying to woo China into the club of major market-based economies, Trump made clear his administration plans to brandish sticks, not carrots, to achieve U.S. trade goals with Beijing.