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the memorandum. But a senior White House official told reporters earlier in the day that the number would

be close to 50 billion dollars.So far,▓ there was no official explanation of the diff▓erence between the numbers provided by t▓he White House official in the briefing and Trump's 60 billion.The memorandum is based on a so-called Section▓ 301 investigation into alleged Chinese in

tellectual property and technology transfer practices, launched by th▓e Trump administration in August 2017.Respond▓ing to media reports that Washington will soon release results of the investigation, China's Ministr▓y of Commerce said on Thursday that China will "take all n

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s.At a time when a

ecessary measures" to▓ defend its rights and interests."China has made clear its position sever

al times that it stands firmly again▓st such unilateral and trade protectio▓nist practices from the U.S. side," an official with t▓he Ministry of Commerce said.Section 301, once heavily used in t

ll modern commun

he 1980s and the e▓arly 1990s, allows the U.S. president to unilaterally impose tariffs or other trade restrictions on foreign countries. But the Uni▓ted States has rarely used the outdated trade tool sin▓ce the World Trade Organization (WTO) came into being in 1995."It became no longer necessary re▓a

ication systems between

lly for the United States that they have to use that▓ law, because now we have an effective

dispute settlement system under the WTO," said Chad Bown, a ▓trade expert and senior fellow at the W▓ashington D.C.-based Peterson Institute for International Economics (PIIE).The memorandum fol

Wenchuan and t

Irma Grey
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Kevin Smith
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lows Trump's recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and

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