Trump White House to look into China's trade practices

Remigio Civitarese
Agosto 12, 2017

The president's trade action will be a long way from any punitive move against China, despite his and his advisors' open talk of Chinese "theft" and "stealing" of US companies' intellectual property, which broadly includes technological innovations, film and other artistic products, industrial designs and military secrets. "If China helps us, I feel a lot different toward trade".

"Trade is trade, national security is national security", the official stated. "This is why the president has chosen to act now and to act boldly", one administration official said.

Trump informed Chinese President Xi Jinping Friday night of the upcoming memorandum, a senior administration official told CNN Friday. -China Economic and Security Review Commission, called the measure "a critical action, and long overdue".

The decision will not only take action against alleged Chinese violations of USA companies' intellectual property rights, but could also be perceived as an attempt by the US government to crank up the pressure on Beijing to rein in North Korea. "They will be met with fire and fury like the world has never seen", Trump said. Lighthizer will recommend whether an official investigation into trade practices is warranted.

In a background briefing with reporters on Saturday, White House officials pointed to frustration from USA businesses that they have to share intellectual property with China as a condition for doing business in the country. Meanwhile, 100 days of trade talks with the Chinese carried out in past months resulted in a few trade gains but not the ambitious changes the administration had hoped for.

Trump's threat to investigate China's intellectual property and trade practices is valid, but his administration might not be up to the delicate task of carrying out a new China probe without sparking a damaging trade war, U.S. business lobbyists said last week.

"We lose hundreds of billions of dollars a year on trade with 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". That initiative sets forth a long-term plan for China's dominance in a wide variety of high-tech industries, including electric vehicles, advanced medial products and robotics.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE