Saturday, 16 December, 2017

Donald Trump to launch investigation into China trade violations

Donald Trump to launch investigation into China trade violations Donald Trump to launch investigation into China trade violations
Melinda Barton | 13 August, 2017, 16:47

US senior administration officials have said Trump will sign an administrative memorandum on Monday ordering the Office of the United States Trade Representative to start a Section 301 investigation into China's trade practices, including alleged intellectual property theft.

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

If so, Lighthizer would have "broad powers" to seek remedial action.

If the investigation finds that China is harming USA companies, the Trump administration could respond by imposing tariffs, negotiating an agreement with China or other measures, the officials said.

The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump has asked China to do more to crack down on North Korea's nuclear missile program as he threatens possible military action against Pyongyang.

Yang explained that the 301 Section of the Trade Act of 1974 was created to investigate "unfair trade" practices, including in areas involving intellectual property rights such as trademarks, patents and copyrights.

Politico said it was not clear how much detail Mr Trump would provide in his announcement, but that officials expected US Trade Representative Robert Lighthizer to open a Section 301 probe.

President Trump plans to get tougher on trade with China.

On Tuesday, Washington announced preliminary sanctions against imports of Chinese aluminum foil. The investigation is being ordered under US Trade Act of 1974, which officials said permits the USTR to investigate acts, policies or practices of a foreign country to determine whether they are indeed unreasonable or discriminatory that burden or otherwise restrict US commerce.

"Most Americans are fully aware that China is stealing our intellectual property", they added. They know how I feel.

Trump wants government officials to look at Chinese practices that force American companies to share their intellectual property in order to gain access to the world's second largest economy.

"If Americans continue to have their best technologies and intellectual property stolen or forcibly transferred off-shore, the United States will find it hard to maintain its current technology leadership position", they added.

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 U.S. intellectual property theft at hundreds of billions of dollars annually that cost the United States economy millions of jobs.

The paper said, "The powerful revolutionary Paektusan army of the DPRK, capable of fighting any war the US wants, is now on the standby to launch fire into its mainland, waiting for an order of final attack".

Among the other big names in U.S. technology, Facebook and Google are now sidelined in China.

Automakers as well as aeronautical giants Boeing and Airbus have been able to enter China via joint ventures, even as the Chinese seek to penetrate global markets.