The White House also said it would implement specific investment restrictions and enhanced export controls for Chinese people and entities “related to the acquisition of industrially significant technology.” These will be announced by June 30 and applied shortly thereafter, it said. In a statement Tuesday, the White House said the United States will continue to pursue litigation at the World Trade Organization for violations of the Agreement on Trade-Related Aspects of Intellectual Property Rights based on China's discriminatory practices for licensing intellectual property. "Under Section 301 of the Trade Act of 1974, the United States will impose a 25 percent tariff on $50 billion of goods imported from China containing industrially significant technology, including those related to the "Made in China 2025" program," the release said. However, in the latest communique, the White House made it clear that the final list of covered imports would be announced by June 15, and tariffs would be imposed on those goods shortly thereafter.
The U.S. Government announces a 25% import tariff on US$50 billion of Chinese goods with "industrially significant technology". A full list of affected products will be published on June 15. Investment restrictions and enhanced export controls are to be announced on June 30.