Uncategorized

US Ordered China to Shut Down Its Consulate in Houston

July 24, 2020 BBC 2

The US ordered the closure of Beijing’s consulate in Houston because China was “stealing” intellectual property. There are currently three flashpoints between the two countries that include COVID-19, which is said to have originated in China, trade, and Hong Kong.

Money

US on Brink of Trade War as Trump Announced $50 Billion in Tariffs Against Chinese Imports

June 15, 2018 Newsmax 1

President Trump is following through on his threat to implement tariffs on $50 billion in Chinese imports, and China has vowed to retaliate. The tariffs are in response to an investigation that accused China of stealing US intellectual property in order to dominate the development of advanced technology. The US imported $505 billion of goods from China last year and exported about $130 billion, leaving a 2017 deficit of $376 billion.