Bracing For More China Tariffs

Announcement of additional tariffs on Chinese goods over their intellectual property actions and forced technology transfers could arrive yet this week, according to House Ways & Means Chairman Kevin Brady, R-Texas. He says the administration is "right to go after China for its theft of intellectual property and forced technology transfer."But the challenge for any president in imposing tariffs, he added, "is to ensure that, ultimately, you don't punish Americans for China's misbehavior. That's the challenge anytime tariffs are imposed, plus [the prospect of] retaliation." The package of tariffs is at $60 billion, according to the Washington Post, matching what some reports signaled late last week when others indicated it would cover $30 billion in goods.