Saturday, August 12, 2017

White House Warns China That A New Trade Crackdown Will Start This Monday

U.S. President Donald Trump (3rdL) holds a bilateral meeting with China's President Xi Jinping (2ndR) at Trump's Mar-a-Lago estate in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria

Politico: Trump's China trade crackdown coming Monday

President Donald Trump is ready to launch a new trade crackdown on China next week, an administration official confirmed.

Trump on Monday will call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers, the official said. While it's unclear how much detail Trump will get into in the announcement, administration officials expect U.S. Trade Representative Robert Lighthizer to open an investigation against China under Section 301 of the Trade Act of 1974.

The pending announcement comes amid heightened tension between the United States and China, even after the Trump administration scored a victory in persuading Beijing to sign onto new United Nations sanctions on North Korea.

Read more ....

WNU Editor: A review is long overdue. Bottom line .... such a trade war will not end well for everyone involved .... especially the Chinese.

More News On White House Warnings That A China Trade Crackdown Will Begin On Monday

Trump to launch investigation into China trade violations -- Washington Post
Trump to ramp up trade pressure on China with call for probe on Monday -- Reuters
Trump Is Ready to Turn Up the Heat on China Over IP Transfers -- Bloomberg
Trump to Request Possible Probe of China Trade Practices -- US News and World Report
Trump White House to look into China's trade practices -- CNN
Trump Cautious on China Inquiry Over Intellectual Property Theft -- NYT
Trump to Call for Crackdown on China Trade Monday -- Sputnik
Trump Warns Xi: Trade War With China Begins Monday -- Zero Hedge

1 comment:

Jac said...

At this point I think that's only to put more pressure on China.