Taiwan concerned by USA plan for unfair trade probe against China

Thousands of North Korea's top military officers have marched through Pyongyang in a show of support for their dictator Kim Jong-un

The latest step follows the opening by the Trump administration of several other investigations into Chinese commercial practices, notably in the steel sector.

United States President Donald Trump will sign an executive memorandum on Monday authorizing the USA trade representative to determine whether to investigate China's intellectual property and trade or not.

Trump informed Chinese President Xi Jinping Friday night of the upcoming memorandum, a senior administration official told CNN Friday.

A Section 301 investigation normally lasts one year.

Yang explained that the 301 Section of the Trade Act of 1974 was created to investigate "unfair trade" practices, including in areas involving intellectual property rights such as trademarks, patents and copyrights.

Should an investigation find wrongdoing, Trump could impose tariffs against Chinese imports, which would mark a significant escalation in his efforts to reshape the trade relationship between the world's two largest economies.

If Trump announces the investigation, it would come at a time Trump and members of his administration have called on China to do more to rein in North Korea amid recent intercontinental ballistic missile tests.

Trump planned to launch the trade investigation more than a week ago, but he delayed the move in favor of securing China's support for expanded United Nations sanctions against North Korea, the senior administration official said.

Taiwan concerned by USA plan for unfair trade probe against China
Taiwan concerned by USA plan for unfair trade probe against China

Trump has pushed China to pressure North Korea to halt a nuclear weapons program that is nearing the capability of targeting the United States.

Gao noted that China and the United States will push forward the bilateral trade and economic relation in the basic principle of win-win cooperation and resolve differences "through dialogues and consultations". Pyongyang this week threatened to fire missiles near the US territory of Guam during an exchange of bellicose rhetoric with Trump.

Politico said it was not clear how much detail Trump would provide in his announcement, but that administration officials expected U.S. Trade Representative Robert Lighthizer to open a section 301 probe.

When reports of the potential trade investigation first emerged more than a week ago, China's Commerce Ministry stressed the importance of U.S.

They added that the trade measure would be carried out under the rules of worldwide law and would not trigger greater conflict with China.

"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". "The results are there for all to see".

Trump, now on a 17-day working summer vacation at his golf resort in New Jersey, is returning to the White House for a day on Monday to sign this executive order directing the US Trade Representative to probe the matter.

It's impossible, however, to see the move as somehow disconnected from the back-and-forth rhetoric between the US and North Korea over the past week. "And I think China will do a lot more". Trump has previously expressed frustration that China hasn't done more to economically punish North Korea.

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