Reached, Trump will impose $50 billion of imported tariffs. for the import of Chinese goods, mainly for those using the theft of intellectual property.
The new measures are designed to punish China for commercial practices that, according to the Trump administration, include the theft of intellectual property of US companies. They will focus mainly on certain products in the technology sector where China has an advantage over the United States - probably the Chinese mobile phones that are taking an increasing share of the US market.
The US administration will publish the names of the companies within 15 days, and then a 30-day term in which Trump expects the companies in question to offer a fair deal. Otherwise, the tariffs enter into full after the 30-day period.
A quick look at the annual US trade balance shows that the country is still losing trade with the rest of the world.
We are expecting a significant fall in Asian indices in the Asian session, with the most significant decline in Chinese companies.
Source: Bloomberg Pro Terminal
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