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Trump signs memorandum of trade action against China

US deficit with Beijing was "out of control" at about USD 504 billion and there was a huge "intellectual property theft situation."


Trump signs memorandum of trade action against China
"It is the largest deficit of any country in the history of our world. It's out of control," Trump said. (Image Credit: Youtube)

US President Donald Trump initiated a trade action against China on Wednesday, saying the US deficit with Beijing was "out of control" at about USD 504 billion and there was a huge "intellectual property theft situation."

"It is the largest deficit of any country in the history of our world. It's out of control," Trump said before signing a memorandum. "We have a tremendous intellectual property theft situation going on, which likewise is hundreds of billions of dollars."

Also Read | EU and six others to get exempted from US tariffs

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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