Economy Trump seeks to ease fears of trade fight with China Updated : April 09, 2018 05:27 PM IST The Trump administration has said it is taking action as a crackdown on China's theft of US intellectual property. The US bought more than $500 billion in goods from China last year and now is planning or considering penalties on some $150 billion of those imports. The US sold about $130 billion in goods to China in 2017 and faces a potentially devastating hit to its market there if China responds in kind. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.