Trump to call for China trade investigation

Trump to call for China trade investigation

Trump to call for China trade investigation

In April, he said he wouldn't label China a currency manipulator, in return for help in dealing with North Korea.

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

Trump has escalated his harsh criticism of North Korea for days, tweeting Friday that the USA had military options "locked and loaded". While Trump officially withdrew the United States from the Trans-Pacific Partnership, an Obama-era trade deal, and will begin talks next week to renegotiate the North American Free Trade Agreement, other planned trade measures have been slow to materialize. The North responded with a warning that it was considering an attack on the USA territory of Guam.

In a background briefing with reporters on Saturday, White House officials pointed to frustration from USA businesses that they have to share intellectual property with China as a condition for doing business in the country. South Korea and the United States fired off missiles on July 5 simulating a precision strike against North Korea's leadership, in response to a landmark ICBM test described by Kim Jong-Un as a gift to "American bastards". "But if China helps us, I feel a lot differently toward trade - a lot differently toward trade". They added that the trade measure would be carried out under the rules of worldwide law and would not trigger greater conflict with China.

In an interview with MSNBC, Colonel Lawrence Wilkerson, who served in Vietnam and also worked as assistant to Powell when he was Ronald Regan's National Security Adviser, said that Trump was acting like he was negotiating a deal with casino mogul Steve Wynn.

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

"I think China can do a lot more", Trump told reporters on Thursday.

Kennedy of CSIS says business leaders express a range of opinions, depending on how much they discrimination they face in China and how key Chinese profits are to their business.

The administration official who confirmed that Trump would sign the order contended it was unrelated to the showdown with North Korea.

The trade investigation is expected to be only one part of a multi-pronged push by the Trump administration to counter perceived Chinese trade abuses, which Trump frequently railed against as a candidate. Trump made addressing the US trade deficit with China a centerpiece of his campaign a year ago and has suggested raising tariffs on goods from China.

The administration has been eyeing other moves to rebalance the U.S.

Related news