On March 22, 2018, President Trump signed a memorandum imposing additional tariffs on specific imports into the United States from China. A press release issued by the Office of the US Trade Representative (USTR) cites Section 301 of the Trade Act which allows the United States to implement measures to address unfair acts, policies and practices of trading countries.
The signed proclamation puts into action the following:
- Tariff increases on specific products from China
- Dispute settlement at the WTO regarding technology licensing practices
- Investment restrictions facilitated in the US by China