WASHINGTON — Senate Minority Leader Chuck Schumer (D-N.Y.) gave President Trump “a big pat on the back” in a Senate floor speech this morning for the White House plan to slap $50 billion in new tariffs and trade actions on China over intellectual property theft.
A senior administration official told reporters on a call this morning that Trump would direct the U.S. trade representative to “publish a proposed list of products, and any intended tariff increase within 15 days of the signing of the memorandum,” thus crafting the final tariff list after a period of notice and comment.
“The president is also going to request and direct the U.S. trade representative to pursue dispute settlement in the World Trade Organization to address China’s discriminatory licensing practices,” the official said. “And he will also direct the secretary of treasury, within 60 days, to propose executive branch action beyond those embedded within CFIUS to address concerns about an unfair acquisition of investment in the United States that is directed or facilitated by China in industries or technologies which are deemed important to the United States.”
The tariff plan has “gone through a very, very extensive interagency deliberative process,” the official added, and “the remedies were carefully weighed.”
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