As one can imagine, this ruffled feathers in the halls of Congress.
The Trump administration is considering restricting visas for Chinese citizens and tightening controls on the export of particular technologies with military and civilian uses as part of a push by President Trump to impose a package of tariffs and investment restrictions against China, Politico reported. Let me be clear: "instead of risking a trade war, which he seems eager to wage, we should be aiming for greater cooperation", Tusk said at a joint press conference with Finnish Prime Minister in Helsinki.
The United States imported more than $505 billion worth of goods from China a year ago while sending more than $130 billion in the other direction, according to the Census Bureau. The president is bringing everyone to the negotiating table.
Speaking this morning, Cecilia Malmstrom revealed that the USA is expected to publish further details on the tariffs "very soon", including details of who is being excluded.
China would "likely challenge the tariffs at the World Trade Organization", however, and as the New York Times details (paywall), would have the opportunity to inflict profound pain on Boeing - one of America's top high-end manufacturing exporters - if $60 billion in tariffs demanded a direct response.
Restrictions on foreign investment in sectors including finance, media and telecommunications and vehicle manufacturing have been in place as part of the terms of China's accession to the World Trade Organisation.
"This welcome action is long overdue for shuttered steel plants across OH and steelworkers who live in fear that their jobs will be the next victims of Chinese cheating", Brown told Reuters earlier this month. The trade deals these countries operate under are drastically in their favor.
Trump, however, has continued to defy protests both from overseas and within his own Republican Party, tweeting Wednesday, "We can not keep a blind eye to the rampant unfair trade practices against our Country!"
Navarro, who rose to fame by publishing anti-Beijing diatribes on trade, is an outlier among more mainstream economists, who believe excessive tariffs will be self-defeating and trade deficits do not pose the threat that protectionists and trade hawks claim they do. Shouldn't we be doing the same? His glowing support for the president's trade policy contracts starkly with the Buckeye State Democrat's previous barbs directed at Trump. He was elected by the American people because he is a businessman aiming to Make America Great Again, not a politician who is loyal to a political party but is loyal to the American working class. The president is seeking to extract more concessions from both country as it renegotiates aspects of the North American Free Trade Agreement.