Monday 19 March 2018

The Coming Trade War with China: More Posturing by the Trump Administration

According to Fox News, the Trump Administration will soon take and propose action against intellectual property theft by China.  Notably, the Fox News article focuses on the entertainment industry and movies.  White House Director of Trade and Manufacturing, Peter Navarro, is quoted as stating: “We are going to move forward with some recommendations for the president. And I tell you what, there’s nobody who is going to oppose that in this country.”

In the article, Horizon Investments Chief Global Strategist Greg Valliere states “he expects the Trump administration to “hit them hard” with anti-China tariffs on imports that include Chinese investments and visas for students who want to study in the U.S.”  The article notes that the EU is “on board.” 

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