Trump White House to look into China's trade practices

Trump White House to look into China's trade practices

Trump White House to look into China's trade practices

"If China helps us, I feel a lot different toward trade". "This is simply business".

Trump was due on Monday to sign a memorandum directing US Trade Representative Robert Lighthizer to determine whether any Chinese laws, policies or practices discriminate against or harm American innovators and technology companies.

It's impossible, however, to see the move as somehow disconnected from the back-and-forth rhetoric between the US and North Korea over the past week.

The US has accused China, which is North Korea's main economic lifeline, of not doing enough to rein in its neighbor.

China has appointed a new special envoy for the North Korean standoff, the foreign ministry said on Monday, a relatively low-profile diplomat now in charge of Asian affairs, amid renewed worldwide concern over China's nuclear-armed neighbor.

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Doing anything unilateral against China on trade issues is expected to hurt both and produce no victor for the Trump administration, which has been searching through the policy toolbox for outdated means even without a consensus within itself.

USA businesses are often forced to create joint ventures with a Chinese partner and turn over valuable technology assets, a practice the White House claims stymies U.S. economic growth.The latest review will be conducted by the United States trade representative under the Trade Act of 1974.

A Chinese state newspaper warned Monday that President Donald Trump "could trigger a trade war" if he goes ahead with plans to launch an investigation into whether China is stealing USA technology.

"The customs officer said traders and importers have to pay more attention to the risks", the trader said after the meeting.

U.S. and European companies have long complained of Chinese rules that force them to turn over their industrial secrets if they wish to do business in China.

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Any investigation that may be launched could take as long as a year to conclude, a third official said.

But Beijing is increasingly frustrated with Pyongyang and supported a U.N. Security Council ban on August 5 on coal and other key goods.

Still, Trump praised China Friday for supporting the recent United Nations vote to ratchet up sanctions against North Korea. The vote passed with unanimous support from all 15 member nations, including Russian Federation and China.

Tension on the Korean peninsula eased slightly on Monday as South Korea's president said resolving the North's nuclear ambitions must be done peacefully and key US officials played down the risk of an imminent war. 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.

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