Trump 'to call for China IP trade probe tomorrow'

Trump 'to call for China IP trade probe tomorrow'

Trump 'to call for China IP trade probe tomorrow'

An official continued on to say that there is more than $600 billion of intellectual property theft against USA companies with China responsible for a huge portion of that.

The investigation could take as long as a year, US officials said.

Speaking to MSNBC's Chris Hayes, Col Wilkerson said that the country needed to get away from the grand rhetoric that President Trump had been using and criticised the President for his words, saying that this was not the way to conduct American foreign policy, and comparing the President's approach to that of North Korea's leader.

Should an investigation find wrongdoing, Trump could 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.

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.

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

The goal of this memorandum is to ensure American companies and workers are not subject to harmful policies by China in relation to intellectual property and to ensure that America continues to maintain its leadership in technology, an official stated.

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The American companies "should not be forced or coerced to turn over the fruits of their labor", one official said.

"China is widely recognised as the biggest source of the problem", he said.

At the end of March, Trump asked the Commerce Department to prepare a report on the causes of the trade deficit, country by country and product by product, in 90 days. Meanwhile, 100 days of trade talks with the Chinese carried out in past months resulted in a few trade gains but not the ambitious changes the administration had hoped for.

"We would like to emphasize that the Chinese government has always attached importance to intellectual property protection", a spokesman said. Instead, he is leading the administration is dusting off a variety of powerful and unilateral measures under USA trade law, many of which the United States stopped using after the creation of the WTO, which has its own mechanisms to settle trade disputes.

"We lose hundreds of billions of dollars a year on trade with China".

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

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