Trump to take executive action into China's trade practices

Trump to take executive action into China's trade practices

Trump to take executive action into China's trade practices

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

Trump has said he would be more amenable to going easy on Beijing if it were more aggressive in reining in North Korea.

Actor Kal Penn has pointed out the president of the United States' posts fit the bill.

At the same time, it could alienate China's leadership, which is urging the Trump administration to limit its confrontational language as it faces off against the regime in Pyongyang.

"The Chinese leader expressed Beijing's willingness to maintain communication with the U.S. to appropriately resolve the Korean Peninsula nuclear issue", the network reported.

The two leaders also reiterated a commitment to the denuclearization of the Korean Peninsula. The Trump administration is insisting the move isn't tied to heightening tensions with North Korea, but it is inherently connected to complications in the region.

Since the World Trade Organization (WTO) was established in 1995, the USA has not imposed any trade investigations or sanctions based on Section 301 because that kind of unilateral action violates WTO rules requiring trade disputes among its members to be addressed on the WTO platform.

But trade and national security experts widely noted that the announcement appeared to have been delayed until after China joined the United States in voting for sanctions against North Korea at a United Nations Security Council session on August 5.

Any investigation that may be launched could take as long as a year to conclude, a third official said.

The officials said that matter, and the trade issue, are not linked.

Michael Wessel, a commissioner on the US-China Economic and Security Review Commission, called the measure "a critical action, and long overdue".

Trump told President Xi Jinping that he plans to direct U.S. Trade Representative Robert Lighthizer on Monday to begin the probe into alleged Chinese violations of U.S. intellectual property rights, the official said. Many US businesses must create joint ventures with Chinese companies and turn over valuable technology assets, a practice that Washington says stifles US economic growth.

While administration officials said Saturday that it's too early to discuss specific actions against China, such an investigation could eventually pave the way for Trump to impose tariffs on Chinese goods.

Recommended News

  • FMF y Liga MX confían en Rafa Márquez

    Directiva y cuerpo técnico de los Guerreros expresaron públicamente su soporte moral con el emblema futbolístico nacional, aunque no quisieron opinar más al respecto por desconocimiento del tema.
    Charlottesville mayor confirms 1 death, urges protesters to 'go home'

    Charlottesville mayor confirms 1 death, urges protesters to 'go home'

    The city voted to remove the statue earlier this year, but it remains in Emancipation Park, formerly known as Lee Park. But men like David Duke, possibly the most famous white nationalist, directly tied Saturday's protests to Trump.
    Markets slide, dollar slumps as North Korea fears spike

    Markets slide, dollar slumps as North Korea fears spike

    The Federal Reserve is likely to scale back on its expected pace of interest rate hikes if inflation continues to be soft. According to the Associated Press, South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent.
  • Irán aprueba sanciones contra Estados Unidos — VENEZUELA

    Irán aprueba sanciones contra Estados Unidos — VENEZUELA

    También aquellos que hayan ayudado a la Organización Muyahidín Jalq, opositora al régimen iraní, que considera al grupo terrorista.
    Britain says North Korea must fix crisis it started

    Britain says North Korea must fix crisis it started

    He also assured "France's allies and partners in the region of our solidarity in the current period". Trump tweeted early Friday morning.
    Fiscales piden

    Fiscales piden "medidas inmediatas" para la "recomposición" del orden constitucional en Venezuela

    Con este acto, aseguran, se provoca "un daño profundo al Estado de derecho", en especial en la administración de la justicia.
  • Trump discusses North Korea with France's Macron

    Tensions around the Korean Peninsula started to rise in light of the implementation of the North Korean missile program. Abe says: "I will do everything, to the best of my ability, to protect the safety and property of the Japanese people".
    Danny Welbeck pleased with Arsenal spirit in win over Leicester

    Danny Welbeck pleased with Arsenal spirit in win over Leicester

    The Serie A side have now said they will not increase their offer and Shakespeare is happy to have Mahrez in the team. The two sides went into the break level as Danny Welbeck scored on the stroke of half-time with a neat finish.
    ASEAN Calls on North Korea to Halt Missile, Nuclear Tests

    ASEAN Calls on North Korea to Halt Missile, Nuclear Tests

    The group also defended the Kim Jong Un regime's development of nuclear weapons, calling the policy a "fair and square" decision. China is providing a welcome boost to the global campaign to pressure North Korea to halt its missile and nuclear tests.
  • Trump escalates threats on North Korea as tension rise

    Trump escalates threats on North Korea as tension rise

    Despite the emergency declaration , Florida, unlike some other states , hasn't tapped Medicaid to help pay for drug treatment. Trump, he said, was "extremely getting on the nerves" of North Korean soldiers by making comments that showed his "senility".
    Segunda pole consecutiva de Gabriel Rodrigo en Moto3

    Segunda pole consecutiva de Gabriel Rodrigo en Moto3

    El equipo RBA Racing se aseguró además el 1-2 tras obtener la segunda colocación con el español Juanfran Guevara . La undécima cita del año de Moto3 se disputará el domingo a partir de las 6 (hora argentina).
    Paramount Is Making a Leonardo da Vinci Biopic Starring Leonardo DiCaprio

    Paramount Is Making a Leonardo da Vinci Biopic Starring Leonardo DiCaprio

    The story goes that Leo's mother was looking at a Leonardo da Vinci painting in a museum in Italy when she first felt him kicked. His last film The Revenant showed him in the role of frontiersman Hugh Glass, which earned him his first best actor Oscar.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.