The United States is dropping a trade sledgehammer on China. On March 22, U.S. President Donald Trump signed a presidential memorandum that could lead to tariffs on $60 billion worth of Chinese imports to the United States. Though the exact products to be hit with tariffs has not been finalized, the tariffs will target 10 high-tech sectors that make up China's "Made in China 2025" plan such as aerospace, robotics and advanced medical technologies. China's alleged unfair intellectual property practices have contributed to its rise in these sectors, which have long-term strategic significance. China is not going to take these trade measures lightly, and the many areas of overlap between the U.S. and Chinese economies provides Beijing with plenty of options for retaliation....
