Trump to direct Lighthizer to assess Chinese intellectual property practices

Trump to direct Lighthizer to assess Chinese intellectual property practices

Trump to direct Lighthizer to assess Chinese intellectual property practices

"The United States government can, and does, work with countries to address serious concerns such as North Korea while also pursuing measures to address economic concerns, such as the theft of U.S. intellectual property", a U.S. National Security Council official said.

U.S. President Donald Trump and Chinese President Xi Jinping (R) shake hands prior to a meeting on the sidelines of the G20 Summit in Hamburg, Germany, July 8, 2017. "President Trump and President Xi agreed North Korea must stop its provocative and escalatory behavior", read a statement from the White House issued early last Saturday.

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.

Trump has been trying for months to get China to exert more pressure on North Korea, but has recently expressed frustration with the lack of progress. It was apparently put on hold while the USA lobbied China and other U.N. Security Council members to impose new sanctions on North Korea.

"A government official confirmed to Politico that Trump was going to instruct US Trade Representative Robert Lighthizer to open the investigation under Section 301 of the 1974 US Trade Act".

President Donald Trump is set to sign an executive order to probe China's "unfair" trade practices that harm American businesses and have an impact on its intellectual properties, a senior official said on Sunday.

Donald Trump has been publicly prodding China for months to use its influence on Pyongyang but the USA president last week directed his verbal salvos directly at North Korea, warning of "fire and fury" if it endangered the United States or its allies. However, the USA pledged in the mid-1990s to settle disputes through the World Trade Organization dispute settlement system rather than by taking unilateral action.

"If Americans continue to have their best technology and intellectual property stolen, or forcibly transferred offshore, the United States will find it hard to maintain its current technology-leadership position and to remain one of the world's most innovative economies. They know how I feel", he told reporters on Thursday.

Earlier this year, an independent commission on USA intellectual property estimated that the annual cost to the US economy in counterfeit goods, pirated software, and theft of trade secrets from all sources exceeds $225 billion and could be as high as $600 billion.

Chinese commercial policy aimed to acquire and absorb the intellectual property of the United States and other countries around the world, according to the officials. "But if China helps us, I feel a lot differently toward trade".

"An important question going forward will be whether USA companies and trade associations who have highlighted the problem will actually come forward and assist our government in the investigation" - Michael Wessel, member of the U.S. It did not explicitly criticize North Korea, which issued its own searing rhetoric all week, including a threat against Guam, and did not draw a clear distinction between Washington and Pyongyang.

Sen. Ron Wyden, top Democrat on the Senate Finance Committee, has already urged Lighthizer to launch an investigation of China's forced technology practices. China is the world's principal IP infringer, the commission said.

The US Federal Trade Commission warned Congress about China's IP protection practices previous year, after determining that efforts to advise Beijing to avoid opaque procedures with respect to its antitrust regulations had largely failed.

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