Rolled out a memorandum telling a key government committee to curb Chinese spending on tech, energy and other strategic American sectors.
The administration also called on Mexican officials to place their own levies on Chinese imports – a move that comes after Chinese firms moved production to the US neighbor to get around duties the Republican enacted in his first term.
The US also proposed fees on the use of commercial ships made in China to counter the nation’s dominance in the production of the vessels.
The changes are needed to protect “the crown jewels of United States technology, food supplies, farmland, minerals, natural resources, ports, and shipping terminals.
China’s $295 billion trade surplus with the US looms large in the new administration’s list of worries.
Source: Bloomberg
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