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At 0:50 on March 23, Beijing time, US President Trump formally signed a memorandum of trade with China in the White House. Trump announced on the spot that it will be possible to impose tariffs on goods imported from China of 60 billion U.S. dollars and limit Chinese companies invest in U.S. mergers and acquisitions.
The signing ceremony was attended by the United States Secretary of Commerce Wilbur Rose, U.S. Trade Representative Dieter Zeiss, Presidential Trade Advisor Peter Navarro and others. According to the White House press release, the United States will impose a 25% tariff on products such as aerospace, information and communications technology, and machinery. The Chinese Ministry of Commerce previously stated that China will never sit back and consider that the legitimate rights and interests have been damaged. It will certainly take all necessary measures to resolutely safeguard its legitimate rights and interests. According to the memorandum signed on that day, the U.S. Trade Representative Office will formulate a specific plan to impose tariffs on Chinese goods within 15 days. At the same time, the US Trade Representative Office will also sue China to the World Trade Organization on related issues. In addition, the U.S. Department of the Treasury will A plan will be issued within 60 days to restrict Chinese companies from investing in mergers and acquisitions of US companies. 
U.S. President Trump Officially Signs Memorandum of Trade with China at the White House
Trump said that the U.S. trade deficit with China has been out of control. He also said that U.S. trade with the EU and South Korea is also unfair. Subsequently, he announced that tariffs will be imposed on goods imported from China according to the US Trade Representative Latschitzer’s '301 Survey' conducted last year. 'The goods involved will likely reach 60 billion US dollars (It could be about $60 billion). ', He said. Trump said while signing the trade memo, 'This is only the beginning.' 
U.S. President Trump Officially Signs Memorandum of Trade with China at the White House In his speech, Liteshitz accused China of being involved in the so-called 'forced technology transfer'. Ross said that he believes that this measure will lead to negotiations between China and the United States rather than a trade war. Prior to the signing of the memorandum, some U.S. officials disclosed that this additional tariff would involve China’s 50 billion U.S. imports. The final number of bits of Ramp's on-the-spot representation is 10 billion U.S. dollars. The U.S. Trade Representative’s Office announced in August last year that it initiated the '301 investigation' for China. The so-called '301 investigation' was derived from article 301 of the U.S. Trade Act of 1974. This provision authorizes U.S. trade representatives to initiate investigations into 'unreasonable or unfair trade practices' in other countries, and may recommend that the U.S. president implement the investigation after the conclusion of the investigation. The unilateral sanctions include the withdrawal of trade preferences, the imposition of retaliatory tariffs, etc. This investigation was initiated by the United States itself, investigations, rulings, enforcement, and has a strong unilateralism. According to a study recently released by the U.S. Information Technology Innovation Foundation, if the Trump administration imposes a 25% tariff on imports of information and communication technology products from China, this will cause the U.S. economy to lose about $332 billion in the next 10 years.
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