Tuesday, 12 December, 2017

Trump Cautious on China Inquiry Over Intellectual Property Theft

Trump Cautious on China Inquiry Over Intellectual Property Theft Trump Cautious on China Inquiry Over Intellectual Property Theft
Melinda Barton | 12 August, 2017, 22:34

The president plans to sign an executive memorandum Monday afternoon directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said in a conference call Saturday morning.

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. Trump suggested that if China helped rein in North Korea, which is reliant on Beijing's economic and security aid, he could lighten up on his attacks on Chinese trade practices, which were a mainstay of his election campaign.

The officials would not confirm reports that the trade action Trump plans to initiate on Monday had been delayed more than a week, until the administration secured China's support last week to win a unanimous vote in the U.N. Security Council for imposing new sanctions on North Korea.

"China's been engaged in the theft and forced transfer of US technologies and intellectual property for years", added Mr. Wessel, a former Democratic congressional staff member.

Despite Mr. Trump's promises to be tougher than previous presidents on trade, his administration has proceeded with high levels of caution.

The President of the United States Donald trump and his Chinese counterpart, XI Jinping, called on North Korea to stop provocations.

On Saturday, administration officials said the new trade measure was "totally unrelated" to events with North Korea.

In addition to the USA, the EU, Japan, Germany and Canada have all expressed concern about China's behavior on intellectual property theft. Lighthizer will recommend whether an official investigation into trade practices is warranted. -China Economic and Security Review Commission, a bipartisan group created by Congress in 2000 to monitor trade and security issues between the world's two largest economies. But at a time when the far-right Modi administration is flirting with the USA, a judicial coup against Pakistani Prime Minister Nawaz Sharif changed everything and contributed to the American strategy of encirclement. 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. -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 previous year stood at more than $300 billion.

The officials, who spoke on condition of anonymity, bluntly accused China of "stealing our intellectual property" - long a concern of Western companies seeking a share of the enormous Chinese market. "I've heard folks say, 'It's not going well, but a trade war would not be the best thing for us, dialogue is the better path.' And there are others who say, 'Bring it on, '" he said.