US to continue trade actions against China

The United States says it will continue to pursue trade tariffs against China.

The United States says it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their dispute and suggested that tensions had cooled.

By June 15, Washington will release a list of some $US50 billion ($A66 billion) worth of Chinese goods that will be subject to a 25 per cent tariff, the White House said in a statment.

The United States will also continue to pursue litigation against China at the World Trade Organisation.

In addition, by the end of June, the United States will announce investment restrictions and "enhanced export controls" for Chinese individuals and entities "related to the acquisition of industrially significant technology," it said.


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Source: AAP



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