Published: Mon, August 14, 2017
Industry | By Dora Warner

Trump to Request Possible Probe of China Trade Practices

Trump to Request Possible Probe of China Trade Practices

Trump said Friday that he planned to call Chinese President Xi Jinping that evening.

Trump will instruct his chief trade adviser on Monday to investigate allegations that China violated US intellectual property rights and forced companies to share their technology in order to do business there, Politico reported.

Trump's call with Xi and his potential plans to open the broad trade investigation come against the backdrop of rising tensions over North Korea's nuclear and ballistic missile programs.

Chinese exports to North Korea rose nearly 30 percent to US$1.67 billion in the first half of the year, largely driven by textile materials and other traditional labor-intensive goods not included on the United Nations embargo list, Chinese customs spokesman Huang Songping told reporters.

The officials would not confirm reports that the trade action Trump plans to initiate on Monday had been delayed more than a week, until the administration secured China's support last week to win a unanimous vote in the U.N. Security Council for imposing new sanctions on North Korea. "But if China helps us, I feel a lot differently toward trade - a lot differently toward trade". "China is widely recognised as the biggest source of the problem", he said.

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"President Trump and President Xi agreed North Korea must stop its provocative and escalatory behavior", the statement said. Xi, in his phone conversation with Trump, urged calm.

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

If the investigation finds that China is harming US companies, the Trump administration could respond by imposing tariffs, negotiating an agreement with China or other measures, the officials said.

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

Trump, in the past, has tied trade policy to national security. "China's unfair trade practices and industrial policies including forced technology transfer and intellectual property theft harm the United States economy and its workers", a second administration official said. The official spoke on condition of anonymity, as he wasn't authorized to discuss the order before Trump's formal announcement.

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Michael Wessel, a commissioner on the U.S. But they may not know that China is forcing and coercing American companies that operate in China to turn over their technology. It was not immediately clear whether he was talking about trade as the subject.

The results of three separate investigations into trade deficits and the national security threats posed by imports of steel and aluminum, initially expected by the end of June, have yet to appear.

Used frequently during the Reagan administration in the 1980s, the law allows the U.S. president to impose tariffs and other measures to force open export markets. The process can bypass World Trade Organization procedures for adjudicating grievances.

The United States has previously complained at the WTO about Chinese trade policies, including its "Made in China 2025" initiative, which seeks to have Chinese-made materials account for 70 percent of manufacturing inputs within the next eight years.

Stocks slide on continued concern over tension between United States and North Korea
Significant strength was also visible among software stocks, as reflected by the 1.2% gain posted by the Dow Jones Software Index. It has weakened 1.9 percent against the dollar this week, making it the worst performer among global emerging-market currencies .

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