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    This combination of file photos shows U.S. President Donald Trump on March 28, 2017, in Washington, left, and Chinese President Xi Jinping on Feb. 22, 2017, in Beijing

    Trump to Authorize Anti-Chinese Economic Measures, Beijing Warns of Response

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    WASHINGTON (Sputnik) - US President Donald Trump during a ceremony on Thursday will sign authorization to target China for its economic policies, the White House public schedule revealed.

    "The President signs a Presidential Memorandum targeting China’s economic aggression," the release said on Wednesday.

    The ceremony will take place at 12:30 p.m. EST (4:30 p.m. GMT) in the Roosevelt room, according to the White House.

    The Chinese Ministry of Commerce has reacted to the announcement, saying that Beijing resolutely opposes US unilateralism and protectionism with regard to the U.S. "Section 301" investigation into the country's intellectual property practices and vowed to take all necessary measures to resolutely protect its interests.

    Earlier, media reported, citing officials, that Trump is planning to impose between $30 to $60 billion in annual tariffs against China for intellectual property infringement.

    Recently, Premier of the Chinese State Council Li Keqiang said that China is opposed to any potential trade war between his country and the United States, saying that such war "would serve no purpose, neither side would win".

    Earlier in March, Trump announced a plan to impose duties on all steel and aluminium imports. Chinese Foreign Ministry Spokesman Lu Kang then said that China would take retaliatory measures should the tariffs be imposed.

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    trade war, economy, Donald Trump, China, United States
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