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White House announces tech tariffs, investment restrictions on China

Photo: Brendan Smialowski/AFP/Getty Images

The White House announced this morning a plan to levy a 25% tariff on $50 billion worth of Chinese tech goods — with the exact list to be announced next month — as well as tech investment limits for Chinese nationals and entities. It also plans to pursue litigation at the World Trade Organization relating to Chinese intellectual property abuses.

The big picture: It’s a show of force that has surprised some sources close to the White House who believed Trump would defer any aggression towards China until after the North Korea summit.