Sunday, 22 September, 2019

China to implement United Nations sanctions on North Korea

Trump walks across the South Lawn after arriving via Marine One at the White House in Washington China to implement United Nations sanctions on North Korea
Lamar Ellis | 15 August, 2017, 02:07

In an editorial, the official China Daily said it was critical the Trump administration doesn't make a rash decision it will regret. If an investigation begins, the US government could seek remedies either through the World Trade Organization or outside of it.

The memorandum comes amid high tensions between Washington and Beijing.

"China's been engaged in the theft and forced transfer of United States technologies and intellectual property for years".

The softened language in Monday's order is the second time in as many weeks that Trump has agreed to changes to ease the potential backlash from China.

"If China helps us, I feel a lot differently toward trade", he said.

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

Last week, a senior customs officer at the port of Rizhao in Shandong, a major hub for iron ore imports, told importers and traders assembled at a gathering not to import iron ore from North Korea any more and stressed the risks of doing business with the country given the bans on trade, the trader said.

"If Americans continue to have their best technology and intellectual property stolen, or forcibly transferred offshore, the United States will find it hard to maintain its current technology-leadership position and to remain one of the world's most innovative economies".

Michael Wessel, a commissioner on the US-China Economic and Security Review Commission, called the measure "a critical action, and long overdue".

China has appointed a new special envoy for the North Korean issue, Assistant Foreign Minister Kong Xuanyou, its foreign ministry said on Monday (Aug 14), after regional media had reported on the appointment.

The executive memo Trump is expected to sign on Monday will direct U.S. Trade Representative Robert Lighthizer to look into whether his office should open an investigation into China's trade policies and whether they abide by the U.S. Trade Act of 1974.

North Korea was ranked 18th among China's foreign iron ore suppliers last year, although volumes have jumped this year. Trump has previously expressed frustration that China hasn't done more to economically punish North Korea.

"But instead of advancing the United States' interests, politicizing trade will only acerbate the country's economic woes, and poison the overall China-U.S. relationship".

"Most Americans feel that China is stealing our intellectual property".

"China's been engaged in the theft and forced transfer of USA technologies and intellectual property for years", added Mr. Wessel, a former Democratic congressional staff member. It declined to name China a currency manipulator and has delayed broader national security probes into imports of foreign steel and aluminum that could indirectly affect China.

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