Trump to impose 25 percent tariffs on ‘industrially significant technology’ from China

By Katelyn Caralle

Published May 29, 2018 1:24pm ET

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Trump to impose 25 percent tariffs on ‘industrially significant technology’ from China — President Donald Trump delivers a statement on the Iran nuclear deal from the Diplomatic Reception Room of the White House, Tuesday, May 8, 2018, in Washington. Trump announced the U.S. will pull out of the landmark nuclear accord with Iran, dealing a profound blow to U.S. allies and potentially deepening the president's isolation on the world stage. | (Evan Vucci/AP)

The Trump administration on Tuesday moved forward with a plan to impose 25 percent tariffs on $50 billion of “industrially significant technology” from China ahead of a meeting to discuss a trade deal between the two countries that Trump says will be more fair to America.

The White House also announced plans to apply broad limits on Chinese tech investment.

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China Donald Trump Tariffs Trade Xi Jinping