March 17, 2018

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

13 August 2017, 04:44 | Taylor George

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

Trump opens door to investigating China's

The title of the so-called "301 investigation" that Trump is expected to call for Lighthizer to consider, refers to Section 301 of the U.S. Trade Act of 1974, which authorizes the president to work to remove or retaliate against a practice by a foreign government that is "unjustifiable and burdens or restricts United States commerce".

Calling it "the responsibility of all", Macron called on the global community to "act in a concerted, firm and effective manner, as it has just done in the (U.N.) Security Council, to bring North Korea back to the path of dialogue". Trump has previously expressed frustration that China hasn't done more to economically punish North Korea.

President Trump's pattern continues: "Tough talk on China, but weaker action than anyone could ever imagine", he said in a statement. Xi "stressed that China and the USA share the same interests on the denuclearisation and peace on the Korean peninsula".

As the crisis has unfolded, Trump has alternated praising China for its help and chiding it for not ratcheting up pressure on its Asian neighbour. They know how I feel.

North Korea has lashed back at the USA following President Donald Trump's latest warnings. "He has genuine concern about the direction of events in North Korea".

DPRK stands for North Korea's official name, the Democratic People's Republic of Korea.

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Dow plummets 205pts as Trump inflames Korea tension
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Michael Froman, former USTR under the Obama administration, has also warned that the U.S. could face retaliation if the country moves away from resolving trade disputes through the WTO and instead starts taking unilateral actions.

The investigation, which one USA official said could take as long as a year, may prove to be a source of leverage to push China to do more to help contain a rising security threat from North Korea, which counts Beijing as its only powerful ally. A White House communications staffer declined to confirm or deny the report on Saturday, instead pointing to a statement released by the White House on Friday describing the phone call.

China Central Television on Saturday cited Xi as saying that Beijing and Washington are both interested in the denuclearization of the peninsula. Xi, in his phone conversation with Trump, urged calm.

Mr Trump has suggested he would go easier on China if it were more forceful in getting North Korea to rein in its nuclear weapons programme.

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.

Prime Minister Shinzo Abe says he will do everything he can to protect the Japanese people as tensions escalate over North Korean plans to send missiles flying over Japan toward Guam. "The action being taken tomorrow is a reflection of the president's firm commitment to addressing this problem in a firm way". Trump's comments, however, do not appear to be backed by significant military mobilization on either side of the Pacific, and an important, quiet diplomatic channel remains open.

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