34 billion of those tariffs, focused on high technology items with use in aerospace, robotics, and automobiles, will go into effect on July 6th. The remaining $16 million in taxes is set to be imposed after they are reviewed and approved by U.S. trade authorities.
“Imposing tariffs places the cost of China’s unfair trade practices squarely on the shoulders of American consumers, manufacturers, farmers, and ranchers. This is not the right approach,” Thomas Donohue, president of the U.S. Chamber of Commerce, said in a statement. That could all change if Trump follows through with his proposed tariffs.
“It’s foolish on the part of the Trump team,” Wang Huiyao, director of the Beijing-based Center for China and Globalization and an adviser to China’s cabinet, told Bloomberg.
Despite the ongoing investigation into Russia’s potential interference in the 2016 U.S. election and the laundry list of human rights violations alleged against Putin, officials in the Trump administration are not ready to rule out another controversial international summit. “I don’t think any decisions have been made, or details have been worked out, but I believe both sides are exploring an opportunity to try to do that.”
It’s not exactly clear what Trump would stand to gain by meeting with Putin, but a lack of knowledge or end goal has never stopped Trump before, with his latest international actions proving that is unlikely to change anytime soon.