Following an intellectual property (IP) review, Trump Announces $50 billion in China Tariffs.

The US plans to impose roughly $50 billion in tariffs on Chinese goods and limit the country's investment activity in the US as payback for what it alleges is years of intellectual property theft.

The White House said it has prepared a list of more than 1,000 products that could be targeted by tariffs. Businesses will have the opportunity to comment before the final list goes into effect.

The Wall Street Journal reports U.S. to Apply Tariffs on About $60 Billion of Chinese Imports.

"It's out of control," said Mr. Trump, referring to the trade deficit with China.

The Trump administration complains that the Chinese use intimidation and subterfuge to acquire U.S. technology, put U.S. firms in China at a disadvantage through unfair licensing deals and siphon away U.S. jobs. Mr. Trump sees confrontation as the way to get results, feeling that past administrations haven't been tough enough, said senior White House officials.