State of the Union Touches on Trade with China
President Trump, in his State of the Union address, briefly touched upon trade relations with China.
The President included a demand for fair trade among a list of core issues in the opening of his speech.
When elaborating on the topic of trade, he stated; "We are now making it clear to China that after years of targeting our industries, and stealing our intellectual property, the theft of American jobs and wealth has come to an end."
While he mentioned he has imposed tariffs on "$250 million of Chinese goods," the President stated he did not blame China for taking advantage of what he views as weak policy, but instead blames government leaders for allowing it to happen.
President Trump called for "real structural change" to reduce the trade deficit and protect American jobs while "reversing calamitous trade policy."
Trade negotiations with China continue as the deadline of March 1 for additional tariffs to be imposed inches closer.
ANATOMY OF A HTS CODE