The White House issued a statement Tuesday morning declaring that it would be taking more steps to protect the intellectual property of US companies from China.
According to the statement, a list of Chinese imports that will be subject to 25% tariff will be announced on June 15, while the US will issue investment restrictions and export controls for Chinese groups and people on June 30.
- WHITE HOUSE ISSUES STATEMENT ON STEPS TO PROTECT IP FROM CHINA
- U.S. TO ANNOUNCE PROPOSED INVESTMENT RESTRICTIONS, ENHANCED EXPORT CONTROLS FOR CHINESE PEOPLE AND GROUPS BY JUNE 30
Unlike other trade news, the headlines didn’t have much of an impact on stocks, which already have enough to worry about today thanks to Italy…