United States launches formal trade investigation into China

United States launches formal trade investigation into China

Robert Lighthizer and his team will investigate whether China's intellectual property policies and practices are discriminatory and restrict USA commerce.

The new intellectual property inquiry joins numerous investigations launched by Washington into Chinese trade practices, notably those concerning steel and aluminium and their national security consequences, which the Trump administration began earlier this year.

The move comes after President Donald Trump on Monday signed an executive memorandum directing Lighthizer to consider the possible initiation of the investigation, reports Xinhua news agency.

The investigation also comes amid heightened tensions between the US and North Korea, and Trump's efforts to pressure China to take a harder line against Pyongyang's development of intercontinental ballistic missiles and nuclear weapons.

President Trump warned China of a trade war, saying that he would designate China as a currency manipulator and impose tariffs Chinese imports during the election process past year.

"If China helps us, I will feel a lot differently toward trade", he said. "I notified the President that today I am beginning an investigation under Section 301 of the Trade Act of 1974", Lighthizer said.

Nitish calls on Modi, Amit Shah
RCP Singh, a confidante of the chief minister, will replace Yadav as the party leader in Parliament's Upper House. Meanwhile, Sharad hit out at Nitish, saying the party is not Nitish's alone but belonged to him too.

China has been warning the Trump administration against bypassing the WTO since January. That may sound like a bunch of jargon, but what it boils down to is that the United States just fired the first shot in a trade war with China.

China's alleged theft of US technology, music, films and other intellectual property has always been a concern among lawmakers in Washington.

The bilateral U.S. trade deficit with China approached $350billion a year ago, and Trump has repeatedly blamed Chinese imports for gutting employment in USA sectors such as steel.

China has urged the United States to objectively evaluate China's progress in protection of intellectual property rights (IPR) and resolve the differences with China through dialogue and consultation. "Unless, both sides will hurt", said Gao Peng, a spokesman for the Ministry of Commerce of China.

If the US side fails to respect basic facts and multilateral trade rules, and takes measures that harm bilateral economic and trade relations, "China will definitely not sit by, but take all appropriate measures to resolutely safeguard its legitimate rights and interests", warned China's Ministry of Commerce.

"There is no victor in a trade war".

Related Articles

  • Right-wing rally has CC Sabathia on edge for very personal reason

    Right-wing rally has CC Sabathia on edge for very personal reason

    When asked about reports that the KKK planned to attend Saturday's rally, Walsh said "they need to get the hell out of Boston ". The group also said in multiple Facebook posts that they are in "no way" affiliated with the Charlottesville rally.

    North Korea Could Determine the Future of US-China Relations…Again

    North Korea's state news agency KCNA reported earlier in the day that leader Kim Jong Un had examined plans for a launch. The two envoys reportedly first engaged in negotiating the release of USA college student Otto Warmbier two months ago.
    Sensex jumps 154 points in early trade

    Sensex jumps 154 points in early trade

    Along with this, value buying on the back of decline on Wednesday could have boosted investors' interest in the stock. A share buyback is repurchase of a company's outstanding shares that reduces the number of shares in the open market.
  • Missouri State Senator Under Fire for Trump Assassination Comment

    Missouri State Senator Under Fire for Trump Assassination Comment

    Charlottesville, she said, "is worse than even Ferguson". "The Senator should resign", said Missouri Governor Eric Greitens. Chappelle-Nadal is term-limited from office and would serve her final legislative year in 2018.
    South Korean leader demands peace in region

    South Korean leader demands peace in region

    Trump last week warned North Korea that it would face " fire and fury " if it tried to attack the United States or its allies. North Korea launched an intercontinental ballistic missile on July 4, and duplicated the feat on July 28.
    Central Intelligence Agency  chief: Korea not 'imminent

    Central Intelligence Agency chief: Korea not 'imminent

    Both sides have used hostile rhetoric, with President Donald Trump threatening " fire and fury " on the North. Despite expecting further missile testing, Mr Pompeo denied there is an imminent threat of nuclear war.
  • Jacksonville Jaguars: 15 Trade possibilities to replace Blake Bortles

    Jacksonville Jaguars: 15 Trade possibilities to replace Blake Bortles

    The idea Henne might be "the best person to put in that position" is based more Bortles' failings than the backup's performance. The 10-year veteran quarterback has completed 11 of 16 passes for 183 yards and has thrown one touchdown with no interceptions.
    Man Who Burned Retina During 1962 Eclipse Warns Others of Viewing Dangers

    Man Who Burned Retina During 1962 Eclipse Warns Others of Viewing Dangers

    Unfortunately, every time there's a solar eclipse , some people don't take the warnings seriously and look straight at the sun. As a result, Tomososki now states that he had been living with a blind spot at the center of his eye for the last 55 years.
    Iranian President Hassan Rouhani threatens to restart nuclear programme

    Iranian President Hassan Rouhani threatens to restart nuclear programme

    When the Iran nuclear deal was being negotiated, the "side-issues", i.e. He said that Iran will not hesitate to pull out.
  • Fans Are Freaking Out About Taylor Swift's Blank Social Media Accounts

    Fans Are Freaking Out About Taylor Swift's Blank Social Media Accounts

    New music typically debuts on Friday at midnight, but given Swift's massive popularity, she doesn't need to follow any rules. As diehard Swifty fans know, 13 is her lucky number and she often incorporates it into her release dates, music and more .
    Stone-pelting between Indian, Chinese troops in Ladakh

    Stone-pelting between Indian, Chinese troops in Ladakh

    Both nations have been facing a continuous stand-off at the India-Bhutan-China tri-junction in Doklam. The two sides have frequently accused each other of territorial intrusions, but clashes are rare.
    Wisconsin Badgers, Notre Dame agree to play at Lambeau, Soldier Field

    Wisconsin Badgers, Notre Dame agree to play at Lambeau, Soldier Field

    Notre Dame has played just one game in the newly renovated Soldier Field, beating the Miami Hurricanes by a score of 41-3 in 2012. The Chicago Tribune reports that Lambeau Field will host the game in 2020, and Soldier Field will be the host site in 2021.