US President Donald Trump ponders trade war with China
US President Donald Trump ponders trade war with China
14 August, 2017, 00:31
US President Donald Trump will sign a memorandum Monday that could lead to sanctions against China over its intellectual property practices, administration officials said Saturday. "But if China helps us, I feel a lot differently toward trade - a lot differently toward trade".
"Trade is trade; national security is national security", said one official, who, like the others, spoke on condition of anonymity in keeping with administration practice. They reiterated their mutual commitment to denuclearize the Korean peninsula, the White House said in a statement. Xi, in his phone conversation with Trump, urged calm. He said it would be premature to speculate on actions that could eventually be taken against China, and added that the issue could be resolved through "negotiated agreement".
When reports of the potential trade investigation first emerged more than a week ago, China's Commerce Ministry stressed the importance of U.S. Xi "stressed that China and the US share the same interests on the denuclearization and peace on the Korean Peninsula".
The decision will not only take action against alleged Chinese violations of US companies' intellectual property rights, but could also be perceived as an attempt by the USA government to crank up the pressure on Beijing to rein in North Korea.
They added that the trade measure would be carried out under the rules of global law and would not trigger greater conflict with China.
While China joined in a unanimous U.N. Security Council decision to tighten economic sanctions on Pyongyang over its long-range missile tests, it is not clear whether Trump thinks Beijing is doing enough.
When asked about the delay during the Saturday call, the officials did not address the question directly.
He simply will initiate the latest investigation of intellectual property theft in a long line of them running back through past administrations.
"If Americans continue to have their best technologies and intellectual property stolen or forcibly transferred off-shore, the United States will find it hard to maintain its current technology leadership position", they added.
American companies "should not be forced or coerced to turn over the fruits of their labor", a second administration official said.
Michael Wessel, a commissioner on the U.S.
"That will not solve America's economic problems and probably in the long term will make it worse", Robert Lawrence Kuhn, a leading China expert, told Xinhua in a recent interview.
The president's trade action will be a long way from any punitive move against China, despite his and his advisors' open talk of Chinese "theft" and "stealing" of US companies' intellectual property, which broadly includes technological innovations, film and other artistic products, industrial designs and military secrets. "Those activities haven't abated; they've accelerated as China seeks to become self-sufficient in new technologies and dominate world markets", he said.
Should Lighthizer decide to launch such an investigation, "he will have at his discretion broad powers to use all applicable measures, including, but not limited to, Section 301 of the Trade Act of 1974, which provides a basis for addressing technology transfer practices that may be harming the US economy, exports and American jobs", an administration official said. It was unclear whether the issue of trade came up.
Chinese commercial policy aimed to acquire and absorb the intellectual property of the United States and other countries around the world, according to the officials. "Trade is trade. National security is national security".
Last month a USA air strike killed 16 policemen in Helmand province. "It was not a valley or a mountainous area". IS in Afghanistan has primarily been active in several districts of eastern Nangarhar province.
Politico said White House press secretary Sarah Huckabee Sanders didn't immediately return requests for comment. New carpet, curtains and paint are part of the work that is going on in just a part of the White House.
In the shadow of news that Ezekiel Elliott had been suspended, the Buffalo Bills pulled off two stunning trades on Friday. The deals come just a day after the Bills had their first preseason game of the year, a loss to the Vikings.
Mauricio Pochettino spoke about Tottenham's lack of transfer activity but insisted the club will only sign the right players. The team is ready to compete. "I'm sure we'll add some players who will strengthen the squad, like every season".
It is unclear whether the meeting will involve all 28 European Union member states, or only affected countries. If consumed in large quantities by humans it can damage the kidneys, liver, and thyroid glands.
He said that due to the wonderful policies of Nawaz Sharif, the country is fast moving towards prosperity and development. People had given mandate through their votes to Nawaz Sharif for the five year term, he added.
Nicola Fitton, Managing Director at Betsafe, said: "We are delighted to announce our new partnership with Conor McGregor ". McGregor invited Malignaggi to camp to gain experience sparring a high-level boxer ahead of the showdown.
Eric Bellquist , 41, was arrested by London police on August 10 in connection with the ongoing investigation into the May assault. The jogger is described as a white man, aged early to mid 30s, with brown eyes and short brown hair.
The National Electoral Council (CNE) was asked by the assembly to set the exact date for the governors' election. Peru on Friday ordered Venezuela's ambassador to leave, with Caracas reacting by ordering out Lima's envoy.
Its name comes from the point at which the meteors appear to come from - its radiant - in the constellation of Perseus. This year, the bright waning moon will make the meteors a bit trickier to see, as it outshines the smaller fireballs.
The qualified approval by the auditor marks a step forward for Toshiba in maintaining its Tokyo Stock Exchange listing. It was good news for a company confronted with delisting fears and legal battles with Western Digital.
USA stocks snap 3-day losing streak in roller coaster week
US President Donald Trump's warning to North Korea has given gold momentum; investors are also awaiting US inflation data. Earlier in the week, Trump said the US would unleash " fire and fury " on North Korea if it continued to threaten the U.S.
Elon Musk's OpenAI Bot Just Crushed a Dota 2 Pro Gamer!
The match that has hit the headlines was meant to have three rounds against the crowd favourite player, Danylo "Dendi" Ishutin . The showdown took the form of an exhibition match staged on Friday at The International 2017, an annual esports tournament .
North Korea tensions continue to weigh on global stocks
Platinum climbed 0.2 percent to $978.00 per ounce after touching $984.60 during the session, its highest since April 18. The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent.DXY as U.S.
Brighton won't roll over for Man City, says Bruno
Arsenal manager Arsene Wenger is convinced that Chelsea will sign a number of other players in the summer transfer window. The Manchester City boss has spent close to £200 million on new players this summer - four of which cost more than £40m.
London 2017: Farah finishes with 5000m silver
However, Edris and team-mate Yomif Kejelcha seized the initiative as the bell went and Farah struggled to go with them. In his last track race Farah quickly went to the front of the race in order to keep the pace with the unsafe Chelimo.
Trump tells Calvo he's behind Guam "1000%"
Mr Trump agrees, saying "They should have had me in years ago. frankly you could have said that for the last three presidents". He then reassures Mr Calvo, who he describes as a "hell of a guy", telling him the United States military is "rock solid".
Killed in Egyptian train collision
Ministry spokesman Khaled Megahed told state television that more than a 100 people were also injured in the collision. Have you read Trendiee Today? Abu Homs said he fears the death toll and the number of injured could rise further.
TTV Dinakaran is 420: Tamil Nadu CM E Palaniswamy
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules. Interestingly, neither faction is ready for a fresh poll when four more years are left before the next assembly polls.