Original article by John Kehoe, Michael Smith
The Australian Financial Review – Page: 1 & 16 : 23-Mar-18
Fears of a global trade war have been heightened after the US announced plans to pursue punitive measures against China in retaliation for its theft of intellectual property. The US will impose $US50bn ($A64bn) worth of tariffs on China are expected to target a wide range of Chinese-made goods, while the US is also expected to introduce new foreign investment restrictions on China. US Trade Representative Robert Lighthizer has noted that the World Trade Organization has been "wholly inadequate" in addressing concerns about China.
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF COMMERCE, WORLD TRADE ORGANIZATION, CHINA. MINISTRY OF COMMERCE, UNITED STATES. FEDERAL RESERVE BOARD, BOEING COMPANY, QUALCOMM INCORPORATED, MONEYGRAM INTERNATIONAL LIMITED, UNITED STATES. NATIONAL FOREIGN TRADE COUNCIL, THE GOLDMAN SACHS GROUP INCORPORATED