KXIP vs KKR Live Score

Senate Minority Leader Chuck Schumer said Trump had the potential to do more to correct China's "unfair" trade policies than any president has had but he must be strong, tough and consistent.

The list of imports that will be covered will be announced by June 15, the White House said, and the tariffs will be imposed "shortly thereafter".

US Treasury Secretary Steven Mnuchin said earlier that the United States and China had both put a hold on tariffs and agreed to a framework for a trade deal.

"I hope the actions on intellectual property theft mean the mixed signals we've seen from the Trump administration on China are coming to an end", he said in a prepared statement.

Tensions between the USA and China may have been reduced somewhat by Trump's action last week to ease sanctions that threatened the viability of Chinese telecom giant ZTE, in response to a personal request from President Xi Jinping.

"For many years, China has pursued industrial policies and unfair trade practices - including dumping, discriminatory non-tariff barriers, forced technology transfer, overcapacity, and industrial subsidies - that champion Chinese firms and make it impossible for many USA firms to compete on a level playing field", it said. The list of restrictions and controls will be announced by June 30, 2018.

The White House issued a second statement listing the details of many complaints against China, including dumping of goods into the U.S. market at below market value, high tariffs and overcapacity - likely referring to steel and aluminum, which are subject to another set of harsh United States tariffs.

China says it's ready to fight back after United States revives tariffs
She urged the U.S. to keep its "word and work" with China according to the spirit demonstrated in the joint announcement . Trump has also threatened to impose tariffs on an additional $100 billion in Chinese goods if Beijing retaliates.

Still, a return to Trump's hard-line approach will not necessarily doom Ross's trip this weekend, said Scott Kennedy, director of the Project on Chinese Business and Political Economy at the Washington-based think tank Centre for Strategic and International Studies, citing China's "very measured" response.

In a brief statement, the White House said the president plans to take "multiple steps" to protect domestic technology and intellectual property from certain "discriminatory and burdensome trade practices by China".

William Zarit, chairman of the American Chamber of Commerce in China, said Washington's threat of tariffs appeared to have been "somewhat effective" thus far.

The White House announcement may be only the latest dizzying turn in Trump's carrot-and-stick approach to trade negotiations. But he expects the president to continue to press for a better deal with China.

The United States and China have been tied-up in a constant bilateral trade war. The Ministry said the White House's announcement "is contrary to the consensus the two sides have previously reached", according to China's official news agency, Xinhua.

Noting that IP theft costs the USA economy over United States dollars 225 billion a year, he said the greatest perpetrator is China. China also subsidizes many favored industries. It announced that the United States would take multiple steps to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China.

"After lengthy second round of talks in Washington, the two sides issued a joint statement vowing not to launch a trade war against each other".