President Donald Trump speaks before he signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington. (AP Photo/Evan Vucci)
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U.S. President Donald Trump signed a presidential memorandum Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war.The United States runs a $375 billion goods trade deficit with China.Following Trump's announcement Thursday, the U.S. Trade Representative's office will present a list of products that could be targeted, primarily from the high-tech sector.In addition, Trump will also direct the U.S. Treasury to propose measures that could restrict Chinese investments in the United States, Eissenstat said.
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