China urges U.S. to 'pull back from brink' as Trump unveils tariffs

China urges U.S. to 'pull back from brink' as Trump unveils tariffs

China urges U.S. to 'pull back from brink' as Trump unveils tariffs

BEIJING/SHANGHAI (Reuters) – China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods brought the world’s two largest economies closer to a trade war. Trump is planning to impose the tariffs over what his administration says is misappropriation of U.S. intellectual property. A probe was launched last year under Section 301 of the 1974 U.S. Trade Act.

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Source:: https://finance.yahoo.com/news/china-eyes-measures-against-u-imports-balance-tariffs-002319270–business.html