Trump Hits China With Tariffs and Investment Restrictions

The punitive measures include $60 billion worth of annual tariffs on Chinese imports, said Trump

President Donald Trump signs trade sanctions against China in the Diplomatic Reception Room of the White House in Washington, DC, on March 22, 2018. The United States will impose tariffs up to $60 billion on Chinese goods to retaliate against the theft of American intellectual property, Trump said. MANDEL NGAN/AFP/Getty Images

WASHINGTON—President Donald Trump is taking measures against China to crack down on decades-long unfair trade practices that cost the U.S. economy billions of dollars.

Trump signed a Presidential Memorandum on March 22, directing the U.S. Trade Representative (USTR) and the Department of Treasury to take actions based on the findings of the 301 investigation, which concluded that China had been unfairly acquiring U.S. intellectual property for decades.