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'

Trump on Thursday hardened his warning that North Korea would face "fire and fury" if it kept threatening the United States, saying maybe that tough talk "wasn't tough enough". This past week, Trump said he could soften his views on trade if China stepped up its assistance, leading to speculation that the investigation could be a negotiating tactic.

Trump has escalated his harsh criticism of North Korea for days, tweeting Friday that the US had military options "locked and loaded". If an investigation begins, the USA government could seek remedies either through the World Trade Organization or outside of it. Pyongyang this week threatened to fire missiles near the USA territory of Guam during an exchange of bellicose rhetoric with Trump. It was not immediately clear whether he was talking about trade was the subject.

An official continued on to say that there is more than $600 billion of intellectual property theft against US companies with China responsible for a huge portion of that. "But if China helps us, I feel a lot differently toward trade - a lot differently toward trade".

In a phone call Friday, Trump praised Chinese President Xi Jinping for backing the recent United Nations vote to impose tougher sanctions on North Korea, and the leaders reaffirmed their commitment to a nuclear-free Korean Peninsula. -China trade ties and of resolving differences "through dialogue and consultation".

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But trade and national security experts widely noted that the trade announcement appeared to have been delayed until after China joined the United States in voting for sanction against North Korea at a United Nations Security Council session on August 5.

CNN also reported that Trump told Chinese President Xi Jinping about the expected executive action in a phone call on Friday.

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

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

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We do not know how long it will take to normalize relations between the two States, he told the magazine International Affairs. The sanctions are also aimed at stopping Russian Federation from meddling in US elections, but Moscow denies ever doing this.

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

The United States has previously complained at the WTO about Chinese trade policies, including its "Made in China 2025" initiative, which seeks to have Chinese-made materials account for 70 percent of manufacturing inputs within the next eight years. "And I think China will do a lot more".

"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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That includes, they said, policies that require high-level approval before reporters and media companies can be compelled to turn over information.

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