BOFIT Viikkokatsaus / BOFIT Weekly Review 2018/22
On Tuesday (May 29), the White House announced that it was imposing 25 % import tariffs on certain Chinese goods totalling about $50 billion a year. The new tariffs reflect on-going disputes over intellectual property protection. The White House has promised a detailed list by June 15, and that the tariffs would come into effect "soon thereafter". Bilateral trade talks are nevertheless set to continue during June 2–4, when US commerce secretary Wilbur Ross visits Beijing.