Trump White House to look into China's trade practices

Aug 13, 2017, 00:38
Trump White House to look into China's trade practices

Speaking to MSNBC's Chris Hayes, Col Wilkerson said that the country needed to get away from the grand rhetoric that President Trump had been using and criticised the President for his words, saying that this was not the way to conduct American foreign policy, and comparing the President's approach to that of North Korea's leader.

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

Even as he seeks Beijing's help on North Korea, President Donald Trump plans to sign an executive order asking his trade office to consider investigating China for the alleged theft of American technology and intellectual property, an administration official said Saturday.

Yet analysts said the measure could also backfire, resulting in more hostility and tension between the world's two largest economies at a time when their cooperation is critical to a diplomatic resolution on North Korea.

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"I am very disappointed in China", he said on July 29 on Twitter. -China trading relationship. But analysts have cautioned that Trump faces a huge challenge in his desire to significantly reduce the US trade deficit with China, which past year stood at more than $300 billion.

"We will no longer allow this to continue". This past week, Trump said he could soften his views on trade if China stepped up its assistance, leading to speculation that the investigation could be a negotiating tactic.

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 United States intellectual property theft at hundreds of billions of dollars annually that cost the USA economy millions of jobs. In addition to this joint venture they are asked to turn over intellectual property or other propriety information.

Despite Trump's previous comments, officials at the briefing repeatedly rebuffed any attempt by reporters to connect the possible investigation to the North Korea situation.

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The investigation could take as long as a year, US officials said.

Both Reuters and CNN reported this week that Trump was planning to call for the investigation to be considered earlier this month but that the president waited until after a United Nations Security Council vote to impose new sanctions on North Korea. "Maybe it wasn't tough enough", Trump told reporters. This is stated in a White house statement on the telephone conversation the leaders of the United States of America and China.

On Tuesday, Trump said any additional threats from North Korea would be met with "fire and fury".

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