World News

Donald Trump to request possible probe of China trade practices

Donald Trump to request possible probe of China trade practices

The US President Donald Trump will direct the trade representative (USTR) to determine whether to investigate China's trade practices.

Fearing that Taiwan could be hit by retaliatory actions by Washington if it finds forced technology transfers or intellectual property theft by China, Bureau of Foreign Trade Director-General Yang Jen-ni (楊珍妮) said Sunday the agency will carefully assess the situation as soon as U.S. President Donald Trump orders the probe.

The Trump administration announced on Saturday that 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.

Trump's call with Macron came hours after he talked with Chinese President Xi Jinping in a separate phone call.

The comments came after Trump unleashed a slew of fresh threats against North Korea on Friday, declaring the US military "locked and loaded".

Trump, who is on a working vacation at his New Jersey golf club, said Friday that he planned to be in Washington on Monday "for a very important meeting'" and "we're going to have a pretty big press conference".

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". North Korea responded by detailing a plan to fire ballistic missiles toward the USA territory of Guam, home to US military bases.

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"We would like to emphasize that the Chinese government has always attached importance to intellectual property protection", a spokesman said.

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 US are processed or assembled in China.

"I think it's only fair to point out he inherited this crisis", Mr. Gore told Newsweek.

In an editorial on Saturday, North Korea's Minju Joson newspaper said that the US "finds itself in an ever worsening dilemma, being thrown into the grip of extreme security unrest by the DPRK".

Asked Friday if the USA was going to war, he said cryptically, "I think you know the answer to that". American companies "should not be forced or coerced to turn over the fruits of their labour", the official said, adding that the cost of intellectual theft on U.S. economy is estimated to be as high as United States dollars 600 billion a year.

The Chinese policies of an American company to enter into a join venture with a Chinese company to do business is "not fair", the official said.

"Protection measures against some specific items, such as steel and aluminum, may gain political favors, but are not likely to be of much help to rebalance trade", economists at the Institute of International Finance wrote in a research note this week.


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