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Trump tells China: Probe into trade practices coming
13 August 2017, 04:44 | Terri Saunders
The move could lay the groundwork for Trump to impose tariffs against Chinese imports, which would mark a significant escalation in his efforts to reshape the trade relationship between the world's two largest economies.
France is a member of the Security Council, which approved fresh sanctions on North Korea this month for its recent intercontinental ballistic missile testing.
"Instead, President Trump has made a unsafe situation even worse by recklessly asserting that the United States is "locked and loaded" to bring "fire and fury" to North Korea".
Trump will direct US Trade Representative Robert Lighthizer to determine if an investigation is warranted of "any of China's laws, policies, practices or actions that may be unreasonable or discriminatory, and that may be harming American intellectual property, innovation and technology", the official said. Pyongyang this week threatened to fire missiles near the US territory of Guam during an exchange of bellicose rhetoric with Trump.
It wasn't immediately clear how China would react to the move. "If China helps us, I feel a lot different towards trade".
Trump, in the past, has tied trade policy to national security.
If Lighthizer decides to go ahead with an investigation, the United States would first consult with China and the investigation process could take as long as a year, officials said. "The results are there for all to see".
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The former vice president said that Mr. Trump's comments while speaking at the Trump National Golf Club in Bedminster, New Jersey, on Tuesday were "unwise", but he expressed confidence in Defense Secretary James Mattis and National Security Adviser H.R. McMaster. 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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"If Americans continue to have their best technology and intellectual property stolen, or forcibly transferred offshore, the United States will find it hard to maintain its current technology-leadership position and to remain one of the world's most innovative economies".
Rep. David Cicilline urged Speaker Paul Ryan on Friday to call back the House from its August recess in order to debate legislation that would require congressional approval for a USA pre-emptive strike.
"We lose hundreds of billions of dollars a year on trade with China".
"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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