U.S. President Donald Trump waves during joint statements with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017
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REUTERS/Thomas Peter

Chad P. Bown (PIIE), Euijin Jung (PIIE), and Zhiyao (Lucy) Lu (PIIE)

After weeks of on-again off-again threats, the Trump administration on June 15 produced its list of specific Chinese products on which it soon plans to impose tariffs. The newly announced tariffs will almost exclusively attack intermediate inputs and capital equipment that American companies import to remain competitive in the global marketplace. The major new addition to the tariff list is semiconductors.

Photo Credit: 
REUTERS/Thomas Peter