Trump just ordered trade restrictions against China. Here's what happens next.

President Trump on Thursday signed a memo calling for tariffs on a range of Chinese goods and investment restrictions on Chinese companies in the U.S., a move that gives his administration just a few weeks to decide on a specific menu of trade restrictions.

Trump said the memo is a way to help reduce America’s large trade deficit with China and fight back against China intellectual property rights violations, and said the trade restrictions are aimed at leveling what he called an unfair playing field.