The White House confirmed Tuesday that it will be going forward with the implementation of heavy tariffs on Chinese imports next month following weeks of concern that doing so might spark a trade war. Some $50 billion in imported goods will be subject to the 25 percent tariff, with a finalized list of goods expected by June 15. The U.S. also plans to restrict China's access to American technology, with the administration citing national security concerns. Trade negotiations between the nations are ongoing, with Treasury Secretary Steven Mnuchin saying the trade war was "on hold" less than two weeks ago. Commerce Secretary Wilbur Ross will travel to China to continue talks in early June.
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