Trump Moves To Crack Down On Chinese Intellectual Property Practices

Share

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

The measure would seek to address what the USA business community has described as flagrant trade violations by China, which employs a variety of rules and practices to wall its market off from foreign competition and pressure US companies to part with valuable product designs and trade secrets - or to steal them outright.

"North Korea best not make any more threats to the United States. Maybe it wasn't tough enough", Trump told reporters. Trump has previously expressed frustration that China hasn't done more to economically punish North Korea.

Trump planned to launch the trade investigation more than a week ago, but he delayed the move in favor of securing China's support for expanded United Nations sanctions against North Korea, the senior administration official said.

Trump's call with Xi and his potential plans to open the broad trade investigation come against the backdrop of rising tensions over North Korea's nuclear and ballistic missile programs.

More news: Memorial service held for Justine Damond shot by Minneapolis police officer

U.S. President Donald Trump will call on Monday for his chief trade adviser to investigate China's intellectual property practices, website Politico reported, citing an unnamed administration official. That finding reportedly came from a confidential USA intelligence assessment.

Friday morning, Trump tweeted that US military solutions were "locked and loaded" in case North Korea followed through on its threat. They added that the trade measure would be carried out under the rules of worldwide law and would not trigger greater conflict with China. "They know how I feel", he told reporters on Thursday.

Trump, who has been residing at his golf club in Bedminster, New Jersey, for the past week, plans to return to Washington on Monday to officially announce the trade investigation. "China's been engaged in the theft and forced transfer of USA technologies and intellectual property for years". Instead, he is leading the administration is dusting off a variety of powerful and unilateral measures under USA 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.

"Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade, yet. they do NOTHING for us with North Korea, just talk". -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.

Share