World

Trump to call for China IT trade probe on Monday

Trump to call for China IT trade probe on Monday

The president's trade action will be a long way from any punitive move against China, despite his and his advisors' open talk of Chinese "theft" and "stealing" of US companies' intellectual property, which broadly includes technological innovations, film and other artistic products, industrial designs and military secrets.

Before entering the White House, Trump often told supporters that he believed China was "killing us" on trade and promised he would renegotiate existing pacts. They were not authorized to publicly discuss the private call and spoke on condition of anonymity.

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. "They should not be forced to turn over the fruits of their labor".

Trump's action amounts to a request that his trade representative determine whether an investigation is needed under the Trade Act of 1974.

In a background briefing with reporters on Saturday, White House officials pointed to frustration from USA businesses that they have to share intellectual property with China as a condition for doing business in the country. It was not immediately clear whether he was talking about trade was the subject.

And then on Thursday, when speaking with reporters, Trump said in relation to North Korea, "if China helps us, I feel a lot differently toward trade".

Trump has escalated his harsh criticism of North Korea for days, tweeting Friday that the USA had military options "locked and loaded".




President Trump and Chinese President Xi Jinping meet on the sidelines of the Group of 20 Summit last month in Hamburg.

"At present, relevant parties should exercise restraint and avoid words and actions that would escalate tensions on the Korean Peninsula", Xi said, according to the statement provided by China's government.

"If this is the expression of Trumpian economic nationalism, most trade advocates are going to breath a sigh of relief", said Scott Lincicome, an worldwide trade attorney at the law firm White & Case. In April, he said he wouldn't label China a currency manipulator, in return for help in dealing with North Korea.

Trump said that Pyongyang should not be more advanced threats to Washington.

In addition to the United States, the European Union, Japan, Germany and Canada have all expressed concern about China's behavior on intellectual property theft.

Trump has requested similar inquiries on trade, but the reports haven't been delivered on deadline. "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".


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