Home » World

Trump opens door to investigating China's "theft" of U.S. intellectual property

13 August, 2017, 00:38 | Author: Priscilla Morrison
  • Trump opens door to investigating China's

Politico said the trade probe would not mean immediate sanctions, but could ultimately lead to steep tariffs on Chinese goods.

Trump has escalated his harsh criticism of North Korea for days, tweeting Friday that the USA had military options "locked and loaded". Lighthizer will recommend whether an official investigation into trade practices is warranted.

It adds China should also make clear that if North Korea launches missiles that threaten US soil and the USA retaliates, "China will stay neutral". It was not immediately clear whether he was talking about trade was the subject. -China trade ties and of resolving differences "through dialogue and consultation".

In an interview with MSNBC, Colonel Lawrence Wilkerson, who served in Vietnam and also worked as assistant to Powell when he was Ronald Regan's National Security Adviser, said that Trump was acting like he was negotiating a deal with casino mogul Steve Wynn.

Trade experts and business leaders said the new investigation into intellectual property could be a sign that the trade agenda is shifting into the hands of United States Trade Representative Robert E. Lighthizer, a respected negotiator who helped implement some of the most protectionist trade policies of recent decades during the Reagan administration.

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. Trump tweeted Friday that military solutions are "locked and loaded, should North Korea act unwisely".




CNN also reported that Trump told Chinese President Xi Jinping about the expected executive action in a phone call on Friday. While China joined in a unanimous United Nations Security Council decision to tighten economic sanctions on Pyongyang over its long-range missile tests, it is not clear whether Mr Trump thinks Beijing is doing enough.

The trade investigation is expected to be only one part of a multi-pronged push by the Trump administration to counter perceived Chinese trade abuses, which Trump frequently railed against as a candidate.

"We lose hundreds of billions of dollars a year on trade with China".

The administration has been eyeing other moves to rebalance the U.S.

"Protection measures against some specific items, such as steel and aluminum, may gain political favors, but are not likely to be of much help to rebalance trade", economists at the Institute of International Finance wrote in a research note this week.

Recommended:

  • 6 things to know about new Buffalo Bills WR Jordan Matthews

    6 things to know about new Buffalo Bills WR Jordan Matthews

    Last season, with Wentz under center and head coach Doug Pederson calling the plays, Matthews led the team with 117 targets. The trade has a deep impact on two positions that were most in need of a revamp after last season.
    SSP Group PLC (LON:SSPG) Price Target Raised to GBX 470

    SSP Group PLC (LON:SSPG) Price Target Raised to GBX 470

    The stock decreased 2.35% or GBX 64.67 on July 31, reaching GBX 2686. 391005 shares were traded during the session. The Maltese Capital Management Llc holds 286,461 shares with $6.93 million value, down from 329,900 last quarter.

    Major Federal Climate Change Report Leaked

    Alarmingly, the bulk of that change was made in the latter half of the 20th century, with a 1.2 degree increase since 1951. On the flip side, droughts and heat waves have been more common in other parts of the US , they add.
  • THE PLAYERS moves back to March: What you need to know

    THE PLAYERS moves back to March: What you need to know

    In measuring the prowess of athletes of any sport, there can be a thin, fine line between very good and great. Vijay and I have been working the past couple of weeks on new practice and attitude techniques.
    Donald Glover Says Second Season Of 'Atlanta' Is 'Better Than The First'

    Donald Glover Says Second Season Of 'Atlanta' Is 'Better Than The First'

    The actor said he doesn't know the full extent of what happened with the director switch, describing his role and the lack of control he has as being a "color in someone else's palette".
    As Drug Overdoses Hit Record High, Trump Offers Little on Opioid Policy

    As Drug Overdoses Hit Record High, Trump Offers Little on Opioid Policy

    So what is Trump saying now? Trump has also asserted that his proposal border wall would stop the flow of drugs into the country from Mexico.
  • Yanks rally late, survive ninth-inning scare to beat Sox

    Yanks rally late, survive ninth-inning scare to beat Sox

    Four pitches later, Frazier blooped Kelly's 100 miles per hour fastball in front of left fielder Andrew Beintendi as Judge scored. New York Yankees host the Boston Red Sox in a Saturday MLB baseball match up. "He's a game-changer on both sides of the ball".
    Floyd: I must KO Conor

    Floyd: I must KO Conor

    Conor McGregor is going to slay Floyd Mayweather and not in the Beyoncé "I woke up like this" shit talking sense of the word. He claimed that the photos of him laying on his back didn't accurately portray his sparring session with McGregor.
    Snap falls 17% as revenue and daily user growth disappoint

    Snap falls 17% as revenue and daily user growth disappoint

    Shares fell almost 8 percent to below $13 at one point in after-hours trading after closing at $13.77, up 21 cents on the day. Finally, Instinet restated a "reduce" rating and set a $14.00 target price on shares of Snap in a report on Friday, June 9th.
  • London 2017: Farah finishes with 5000m silver

    London 2017: Farah finishes with 5000m silver

    The British runner, 34, added a silver to the gold he won in the 10,000 metres at the London Stadium last week. Although Australian Patrick Tiernan hit the front on the 3,000m mark and tried to stretch the field, ...
    US Navy challenges China's claims in disputed territory

    US Navy challenges China's claims in disputed territory

    McCain "traveled close to Mischief Reef in the Spratly Islands, among a string of islets, reefs and shoals", Reuters reported. In addition to freedom-of-navigation operations, the US has also conducted bomber overflights in the South China Sea.
    Kylie Jenner Set To Become A Billionaire By 2022

    Kylie Jenner Set To Become A Billionaire By 2022

    She also said that there's no competition with her sister Kim Kardashian and her new cosmetics line. "I change everything... Ky's hard work has clearly paid off and it looks like she is set to become the beauty mogul of the family.


Popular

Bewildered Tourists Watch Migrant Boat Land on Spanish Resort Beach
He added that the boats crossing the short but choppy sea to Spain were much smaller than those launching from Libya to Italy. Ceuta and Melilla are today the main entry points to Spain for illegal migrants, 90% of whom are men, mainly from sub-Sahara.

Ezekiel Elliott Suspended For Violating NFL's Personal Conduct Policy
Elliott's made headlines for all the wrong reasons this offseason - he was caught exposing a woman's bare breast at a St. Over the course of the previous year , the league conducted an extensive investigation.

Annual meteor shower to peak this weekend
A special meteor shower that you should be able to see without any special equipment will light up the sky in a few days time. Earth is set to once again pass through the dust of the Swift-Tuttle comet, sparking the annual Perseid meteor shower .

AIADMK Factions Agree To Merge, Announcement Likely Next Week
Also, the BJP is not keen on early assembly poll as its unit is hardly in a position to gain electorally, party officials say. Dinakaran supporter Thangathamizhchelvan, a MLA, said nobody had the right to remove Sasikala and Dinakaran from the party.

Toshiba Gains as Auditor Finally Gives Tick of Approval
Toshiba had been debating with PwC Arata over when the Japanese company realized massive losses on a USA nuclear power unit. Toshiba had delayed the release of its financial results for months, as it struggled to secure sign-off from its auditors.

Captain Of Mexico National Team Sanctioned For Alleged Ties To Drug Kingpin
Flores Hernandez has worked independently in Guadalajara while painting relationships Sinaloa and Jalisco New Generation cartels. Specifically, Marquez is alleged to have ties to the "Flores DTO", a drug trafficking organization led by Raul Flores Hernandez.

God stops by Colbert to talk Donald Trump and nuclear war
On Wednesday night, Stephen Colbert kicked off his show by addressing the increased tensions between the USA and North Korea . Her comments come after the President of the USA promised " fire and fury like the world has never seen before".

Contaminated eggs supplied to Irish food businesses, says FSAI
However, the Food Standards Agency ( FSA) says the eggs are "unlikely" to be a risk to public health when consumed in low doses. The eggs at the centre of the scandal have mainly come from the Netherlands , followed by Belgium and Germany .

3-year-old girl located, Amber Alert cancelled
The girl was taken to UMASS Medical Center in Worcester, and police said she was reported to be doing well Thursday morning. Police were able to ping Rickheit's phone and discovered that it was last in the Charlton area before being powered off.

Carrie Fisher's Daughter Billie Lourd to Inherit Nearly $7 Million
The daughter of the late Carrie Fisher is set to inherit almost $7 million dollars as part of the actress' estate . It has been heard that the actress has some possibility of inheriting more than the amount of property disclosed.