Trump to direct Lighthizer to assess Chinese intellectual property practices

Trump to direct Lighthizer to assess Chinese intellectual property practices

Trump to direct Lighthizer to assess Chinese intellectual property practices

President Donald Trump is stepping up pressure on China over what the US perceives to be the theft of intellectual property, opening a new front of trade friction even as the world's largest economies try to work together to contain North Korea's nuclear threat.

Trump is planning to sign an executive action asking the U.S. Trade Representative to consider investigating China for the theft of U.S. technology and intellectual property. "And I think China will do a lot more".

The move, which is not yet an official investigation, could lay the groundwork for one.

President Trump plans to get tougher on trade with China. In April, he said he wouldn't label China a currency manipulator, in return for help in dealing with North Korea.

Still, Trump's actions stop short of what some analysts had been expecting him to do on intellectual property. Trump tweeted Friday that military solutions are "locked and loaded, should North Korea act unwisely".

Trump and Chinese President Xi Jinping (習近平) spoke by telephone on Friday night, reiterating their mutual commitment to denuclearize the Korean Peninsula, the White House said in a statement.

On Saturday, administration officials said the new trade measure was "totally unrelated" to events with North Korea. -China trade ties and of resolving differences "through dialogue and consultation".

Such thefts not only damage American companies, but also pose a threat to the U.S. national security, the second official said.

When asked about the delay in the call on Saturday, the officials did not address the question directly.

It further complicates the already taut U.S.

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.

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.

Michael Wessel, a commissioner on the U.S. China is the world's principal IP infringer, the commission said.

In addition to the United States, the European Union, Japan, Germany and Canada have all expressed concern about China's behavior on intellectual property theft. "Those activities haven't abated; they've accelerated as China seeks to become self-sufficient in new technologies and dominate world markets", he said. 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.

It was not clear how much detail Trump would provide in his announcement, Politico said, but added that administration officials expected US Trade Representative Robert Lighthizer to open a probe. The provision has fallen into disuse since the mid-1990s after the creation of the World Trade Organization. Instead, he is leading the administration is dusting off a variety of powerful and unilateral measures under US 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.

The investigation is being ordered under US Trade Act of 1974, which officials said permits the USTR to investigate acts, policies or practices of a foreign country to determine whether they are indeed unreasonable or discriminatory that burden or otherwise restrict US commerce.

American companies "should not be forced or coerced to turn over the fruits of their labour", the official said, adding that the cost of intellectual theft on United States economy is estimated to be as high as Dollars 600 billion a year. That initiative sets forth a long-term plan for China's dominance in a wide variety of high-tech industries, including electric vehicles, advanced medial products and robotics.

The administration has been eyeing other moves to rebalance the U.S. "And I think China will do a lot more".

Recommended News

  • China, Vietnam meeting cancelled amid South China Sea tensions

    China, Vietnam meeting cancelled amid South China Sea tensions

    It has long accused the United States and South Korea of escalating tensions by conducting military drills. The current chairman is the Philippines, which hosted the group's foreign ministers last weekend.
    Walker leads Pieters by two, Spieth, McIlroy in hunt

    Walker leads Pieters by two, Spieth, McIlroy in hunt

    When that tournament never came together, organizers agreed to take the victor of the Order of Merit from the previous year. Scott Dunlap (63) and Brandt Jobe (64) were one shot behind; Steve Stricker (63) and Marco Dawson (66) were two back.
    GM slashed July rental vehicle  sales, boosted commercial fleet

    GM slashed July rental vehicle sales, boosted commercial fleet

    The drop in annual sales pace for July compared to one year ago is equal to total output for four plants. Ford said July sales fell 7.5 percent, but inventory fell to 77 days from 79 the previous month.
  • Sanders says Boy Scout leaders didn't call Trump

    The President, like many of his predecessors, was asked to speak in front of about 40,000 people, majority children. Coming onstage and marveling at the side of crowds, Trump billed the speech as going to be not political.
    RBA interest rate decision: August 2017

    RBA interest rate decision: August 2017

    As had been widely predicted by economists the central bank voted to again leave interest rates on hold in their August meeting. The bank noted that forward-looking indicators point to continued growth in employment over the period ahead.
    Kathy Griffin shaves head in support of cancer-stricken sister

    Kathy Griffin shaves head in support of cancer-stricken sister

    No, this gesture has nothing to do her recent national and professional controversy with President Donald Trump , either. After the pics appeared on Twitter, Griffin's mom gave the comic a shout-out as a "wonderful human being".
  • Elderly man stuck in elevator for almost  a month found dead

    Elderly man stuck in elevator for almost a month found dead

    Elevator maintenance workers had just found Komisarchik's body inside the auto , Pixley told the Post. The fire department reportedly never received an emergency call from inside the broken elevator.
    Israel seeks closure of Al Jazeera offices

    Israel seeks closure of Al Jazeera offices

    Israel also wants to shut down Al Jazeera's cable and satellite transmissions in the country, the network reported. Israel has, however, frequently accused it of being biased in reporting the Israel-Palestinian conflict.
    BCC comments on Bank of England's 'Super Thursday'

    BCC comments on Bank of England's 'Super Thursday'

    However, with the current political and economic uncertainty, it is not a question of if, but when will rates eventually rise. This autumn, it is time for the government to act as well, both to reinforce business confidence and encourage investment.
  • "I won't be distracted by those bullying tweets." — Blumenthal

    President Donald Trump and Senator Richard Blumenthal , Democrat-Connecticut, have at least one thing in common. They are heading toward a Constitutional confrontation that could lead to a crisis and it should be avoided.
    Flames engulf Dubai's 86-storey residential Torch Tower

    Flames engulf Dubai's 86-storey residential Torch Tower

    Flames shot up the sides of the building in the city's upscale Marina district in the second blaze at the structure since 2015. A fatal fire in London in June prompted authorities to order testing on the cladding used in British buildings.
    Kingfisher plc's (KGF) Buy Rating Reiterated at HSBC Holdings plc

    Kingfisher plc's (KGF) Buy Rating Reiterated at HSBC Holdings plc

    It is positive, as 85 investors sold T shares while 621 reduced holdings. 84 funds opened positions while 121 raised stakes. Moreover, Daruma Capital Management Llc has 2.76% invested in the company for 718,907 shares. (NYSE:AAP) for 19,296 shares.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.