Finance

Trump to take executive action into China's trade practices

Trump to take executive action into China's trade practices

Mr Trump will make a day trip to Washington, DC, tomorrow, briefly interrupting his 17-day August working vacation, a White House official said on Friday.

The Trump administration announced Saturday it is planning to launch an investigation into Chinese intellectual-property violations that could result in severe trade penalties, an escalation that presents both opportunities and risks at a time when the United States needs China's help to contain the North Korean nuclear threat.

The United States should resort to rules of the World Trade Organization (WTO), not unilateral trade tools such as Section 301, to resolve trade disputes with China, a former White House economist has said.

President Donald Trump is slated to take a break from his New Jersey vacation to return to Washington on Monday to announce an executive action that could lead to an investigation over alleged violations of US intellectual property rights.

"It's not easy and it can't be done quickly, but it requires serious effort and continual engagement", said Bown, referring to major issues including trade disputes plaguing U.S.

That step is expected Monday but won't come as a surprise to the Beijing government.

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.

An administration official, however, insisted diplomacy over North Korea and the potential trade probe were "totally unrelated", saying the trade action was not a pressure tactic.

Did Trump back-pedal on plan to hit China with trade sanctions? "They know how I feel", Trump told reporters on Thursday.

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

Trump to take executive action into China's trade practices

If the investigation finds China is harming USA companies, the Trump administration could respond by imposing tariffs, negotiating an agreement with China or other measures, the officials said. "Numerous concerns about IP-related antitrust enforcement have been focused on China", the FTC statement said. Many U.S. businesses must create joint ventures with Chinese companies and turn over valuable technology assets, a practice that Washington says stifles U.S. economic growth. "The current trajectory is unsustainable".

He simply will initiate the latest investigation of intellectual property theft in a long line of them running back through past administrations.

A possible move by the United States to launch an investigation into China's unfair trade practices based on Section 301 of the Trade Act has Taiwan anxious because many of its products sold to the USA are processed or assembled in China.

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.

The president plans to sign an executive memorandum Monday, directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said Saturday. It allows an industry to ask USTR to investigate whether a foreign country is unfairly restricting its sales and to use the threat of sanctions to reach a negotiated settlement. Such an investigation easily could last a year.

Lighthizer is well versed in Section 301 from his stint as deputy USTR in the Ronald Reagan administration, when it was more frequently used. It was not immediately clear whether he was talking about trade was the subject.

They added the trade measure would be carried out under the rules of global law and would not trigger greater conflict with China.

"These are two different things", the official said, speaking to reporters on a conference call.

Trump has not yet signed an order to launch such an investigation, she said, and her agency can not assess its possible impact on Taiwan until Washington discloses detailed information on the products that will be investigated. -China Economic and Security Review Commission, a watchdog group established by Congress.

Early Tesla Investor Says Model 3 "Drives like a Porsche"
Let's not forget, Tesla's debt burden rose significantly in 2016 when it bought solar panel maker SolarCity . At around $35,000, it's hard to make an argument for the Chevy Bolt or BMW i3 over the Model 3 .


  • Ending dream run, Israel-born Shapovalov knocked out of Rogers Cup

    It got worse for Polansky as he fell to a 5-0 deficit in the second set, and came to within a point of being bagelled. However, as great champions usually do, the Swiss improved as the match went on and found a way to win.
    Democratic lawmakers urge Tillerson to stop Trump's NK threats

    Democratic lawmakers urge Tillerson to stop Trump's NK threats

    McMaster spoke on the phone for 40 minutes early on Friday, a spokesman for the presidential Blue House in Seoul said. Annual U.S. -South Korea military exercises begin August 21 but are conducted primarily with forces already in place.
    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    The White House did not immediately respond to a request for clarification on Trump's tweet . The first is to "prevent the proliferation of nuclear weapons", a strategic imperative.
  • Venezuela rejects Trump talk of military option

    Venezuela rejects Trump talk of military option

    "We are all over the world and we have troops all over the world in places that are very, very far away", Mr. Maduro said he wants as strong a relationship with the U.S.as he has with Russian Federation , saying, "Mr.
    Heading to OR  for the solar eclipse? Better plan ahead

    Heading to OR for the solar eclipse? Better plan ahead

    So what time exactly can I see the Great American total solar eclipse? It will look like a typical overcast, dark kind of a day. The city of Carbondale (USA) will be unique - there will be two total solar eclipses within seven years - in 2017 and 2024.
    Olympics could open North Korea -- Rex Tilley

    Olympics could open North Korea -- Rex Tilley

    Well, he's acting more responsible than this guy is". "We are working with the USA and our partners in the region to bring this crisis to a diplomatic end".
  • Could this be the weekend Rickie Fowler wins his first major?

    Could this be the weekend Rickie Fowler wins his first major?

    After starting his round with bogeys on two of his first four holes, McGirt bounced back with a pair of birdies on Nos. Kisner hasn't done well at majors at all. "I'm probably not playing as well as I did at the end of past year ".
    Jerry Jones keeping positive public front day after Ezekiel Elliott suspension

    Jerry Jones keeping positive public front day after Ezekiel Elliott suspension

    Just in: Ezekiel Elliott will appeal his six-game suspension handed down by the league. Schefter also reported Cowboys owner Jerry Jones is "furious" with the ruling.
    Former Regina Pats head coach Bryan Murray passes away at 74

    Former Regina Pats head coach Bryan Murray passes away at 74

    Murray was a hockey lifer, involved in the game at all kinds of levels, from coach to GM to coach to GM, to hockey advisor. Murray stepped down as the team's GM a year ago to battle the disease, becoming a senior hockey advisor for the Senators.
  • Sweet 16 for Federer as he books Rogers Cup final berth

    Sweet 16 for Federer as he books Rogers Cup final berth

    The junior Wimbledon victor and tournament wild card entered the week with three ATP-level wins and has added four more so far. Federer took the opening with both hands as he ruthlessly served out the set in the next game easily , clinching it 6-4.
    Many Guam Residents Aren't Worried About North Korea

    Many Guam Residents Aren't Worried About North Korea

    Today, Naval Base Guam is the home port for four nuclear-powered fast attack submarines and two submarine tenders. It has two 2-mile (3-kilometer) long runways and large fuel and munitions storage facilities.

    Eclipse Warning: Eye Damage Can be Permanent

    In order to properly observe such an event without suffering permanent eye damage , special #eclipse viewing glasses are required. Total solar eclipses will cross the continental US twice more in the next 30 years, on April 8, 2024 , and August 12, 2045 .