Tuesday, 24 October, 2017

Trump to call for China trade investigation

9 Arab tweets that perfectly critique Trump's fiery North Korea rhetoric Trump to call for China trade investigation
Sammy Stanley | 13 August, 2017, 00:37

A 2013 report by a commission co-chaired by Jon Huntsman, ambassador to China under President Barack Obama and Trump's nominee to be Russian envoy, pegged the losses from USA intellectual property theft at hundreds of billions of dollars annually that cost the U.S. economy millions of jobs.

But Trump also told Xi about the move toward a possible inquiry into China's trade practices, according to two USA officials familiar with that conversation.

The investigation could take as long as a year, US officials said. While China joined in a unanimous United Nations Security Council decision to tighten economic sanctions on Pyongyang over its long-range missile tests, it is not clear whether Mr Trump thinks Beijing is doing enough.

Trump on Thursday hardened his warning that North Korea would face "fire and fury" if it kept threatening the USA, saying maybe that tough talk "wasn't tough enough".

Trump has suggested that he would go easier on China if it were more forceful in getting North Korea to rein in its nuclear weapons program.

Nemanja Matic confident ahead of West Ham United clash
If Nathaniel Chalobah or Ruben Loftus-Cheek were still there they could get rid of Matic and play a younger kid. He was good in some games, inexperienced in others. "I think we played everything so we don't lose this game".

The objective of this memorandum is to ensure American companies and workers are not subject to harmful policies by China in relation to intellectual property and to ensure that America continues to maintain its leadership in technology, an official stated. "This is why the president has chosen to act now and to act boldly", one administration official said. "Those activities haven't abated; they've accelerated as China seeks to become self-sufficient in new technologies and dominate world markets", he said. Lighthizer will recommend whether an official investigation into trade practices is warranted.

Trump, in the past, has tied trade policy to national security. Instead, he is leading the administration is dusting off a variety of powerful and unilateral measures under US trade law, many of which the United States stopped using after the creation of the WTO, which has its own mechanisms to settle trade disputes. Trump made addressing the US trade deficit with China a centerpiece of his campaign a year ago and has suggested raising tariffs on goods from China.

The title of the so-called "301 investigation" that Trump is expected to call for Lighthizer to consider, refers to Section 301 of the U.S. Trade Act of 1974, which authorizes the president to work to remove or retaliate against a practice by a foreign government that is "unjustifiable and burdens or restricts United States commerce".

The U.S. business community, which traditionally lobbied U.S. administrations to take a softer approach toward Beijing to protect access to a profitable market, has shifted toward a tougher stance on China in response.

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