The Trump administration is reportedly planning to ramp up trade restrictions on China as it believes Beijing has damaged the U.S. through forced technology transfer. <br />While the duties will not take effect immediately,... experts worry that such a strong measure could spark a trade war between the world's two biggest economies.<br />Kim Hyo-sun reports. The White House is said to be planning a package of tariffs and other trade restrictions against China.<br /> According to the Wall Street Journal,... Washington's trade restraints on China including tariffs on imports worth at least 30 billion U.S. dollars,... are part of a crackdown on Beijing's intellectual property violations. <br /> Such measures stem from the Trump administration's investigation into China's practices,... which has found that state-owned Chinese firms purchase U.S. technology for military use or to gain a competitive edge in the global technological race instead of commercial purposes. <br />The tariffs,... however,... will not be imposed immediately,... and the administration <br />plans to make the final decision after collecting opinions from U.S. industry on which products should be subject to the duties. <br />Also as part of the package,... Washington is likely to restrict Chinese firms from investing in the U.S.<br />Meanwhile on Thursday,... the White House is expected to roll out its final decision on whether South Korean steel will be subject to anti-dumping duties of 25 percent,... as the tariffs are scheduled to take effect on March 23rd. <br />Kim Hyo-sun, Arirang News. <br />
