Donald Trump to call for China IT trade probe on Monday

Donald Trump to call for China IT trade probe on Monday

Donald Trump to call for China IT trade probe on Monday

The trade investigation could strain relations between the US and China as the two countries wrestle with the unpredictable situation over North Korea.

Should an investigation find wrongdoing, Trump could impose tariffs against Chinese imports, which would mark a significant escalation in his efforts to reshape the trade relationship between the world's two largest economies.

Section 301 of the Trade Act of 1974 allows the president to unilaterally impose tariffs or other trade restrictions to protect U.S. industries from "unfair trade practices" of foreign countries, such as trade agreement violations, or "discriminatory" actions that burden U.S. commerce.

"China's unfair trade practices and industrial policies, including forced technology transfer and intellectual property theft, harm the US economy and workers", a second official told reporters.

The President will call on his chief trade advisor, Robert Lighthizer, to open an investigation into China's intellectual property practices on Monday. They know how I feel.

The President had been expected to call for a so-called Section 301 investigation under the 1974 Trade Act earlier this month, but action was postponed as the White House tried to work with China to rein in North Korea's nuclear program.

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Trump informed Chinese President Xi Jinping Friday night of the upcoming memorandum, a senior administration official told CNN Friday.

But experts say China, which accounts for around 90% of North Korea's foreign trade, is unwilling to squeeze Kim's regime hard enough to make it give up on its nuclear program because that would risk the chaotic collapse of a state that Beijing wants to keep as a strategic buffer. They said that USA companies had long suffered because of Chinese intellectual property violations, and that they expected Congress and the business community to support the measure.

"President Trump and President Xi agreed North Korea must stop its provocative and escalatory behaviour", the White House said in a statement. -China trade ties and of resolving differences "through dialogue and consultation".

In addition to the United States, the European Union, Japan, Germany and Canada have all expressed concern about China's behaviour on intellectual property theft. While Trump officially withdrew the United States from the Trans-Pacific Partnership, an Obama-era trade deal, and will begin talks next week to renegotiate the North American Free Trade Agreement, other planned trade measures have been slow to materialize. The technology sector has been especially hard-hit in intellectual property disputes. 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.

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. "And I think China will do a lot more". -China trading relationship. But analysts have cautioned that Trump faces a huge challenge in his desire to significantly reduce the USA trade deficit with China, which a year ago stood at more than $300 billion.

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