Trump initiates trade action against China

Trump initiates trade action against China

by Joseph Anthony
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President Donald Trump holds his signed memorandum on intellectual property tariffs on high-tech goods from China, at the White House

US President Donald Trump initiated a trade action against China on Thursday saying the US deficit with Beijing was โ€œout of controlโ€ at about $504 billion and there was a huge โ€œintellectual property theft situation.โ€

โ€œIt is the largest deficit of any country in the history of our world. Itโ€™s out of control,โ€ Trump said before signing a memorandum. โ€œWe have a tremendous intellectual property theft situation going on, which likewise is hundreds of billions of dollars.โ€

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