On March 22, 2018, the President signed a memorandum announcing that the United States would take multiple steps to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China. These actions were announced following a report of the Office of the U.S. Trade Representative regarding China’s practices with respect to technology transfer, intellectual property, and innovation.
Under Section 301 of the Trade Act of 1974, the United States will impose a 25 percent tariff on $50 billion of goods imported from China containing industrially significant technology, including those related to the “Made in China 2025” program.
The final list of covered imports will be announced by June 15, 2018, and tariffs will be imposed on those imports shortly thereafter.
Please contact your account team if you have any questions or would like additional information.
Source articles can be found at these links:
Statement on Steps to Protect Domestic Technology and Intellectual Property from China’s Discriminatory and Burdensome Trade Practices
President Donald J. Trump is Confronting China’s Unfair Trade Policies