President is planning $60 billion in tariffs, sources say American businesses warn move could hurt U.S. economy The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the U.S. perceives as intellectual property theft from American businesses, according to two people familiar with the matter. U.S. Trade Representative Robert Lighthizer is leading an investigation into China’s treatment of intellectual property, and policies that the U.S. believes force American companies to turn over their technological know-how as the price of doing business there. The administration is said to be considering wide-ranging tariffs on everything from consumer electronics to shoes and clothing made in China, as well as restrictions on Chinese investments in the U.S., according to people briefed on the matter. Robert Lighthizer Photographer: Andrew Harrer/Bloomberg The exact size and makeup of the sanctions […]