Summary/Abstract |
In August 2017, U.S. President Donald Trump, in accordance with Article 301 of the 1974 Law on Trade, ordered an investigation into China's policy on technologies, intellectual property, and innovation transfer. In response to the PRC violations that were revealed, Washington has raised tariffs on imported Chinese goods three times since July 2018, for a total of $250 billion. It has also placed limits on Chinese investments in the United States. This article explains the logic behind President Trump's foreign economic policy, his motivation in the unfolding trade wars, and his views on a preferred world economic order.
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