Trump opens door to investigating China's "theft" of USA intellectual property

Trump opens door to investigating China's

Trump opens door to investigating China's "theft" of USA intellectual property

He will also address a press conference.

If the investigation finds that China is harming USA companies, the Trump administration could respond by imposing tariffs, negotiating an agreement with China, or other measures, the officials said.

The president will issue an executive memorandum that will ask U.S. Trade Representative Robert Lighthizer to examine whether an investigation under section 301 of the Trade Act of 1974 should be opened.

In a call Friday, Trump and Chinese President Xi Jinping agreed that North Korea must stop its "provocative and escalatory behavior" and reaffirmed their commitment to denuclearizing the Korean Peninsula, the White House said. Lighthizer can do so under Section 302 (b) of the Trade Act of 1974, which outlines the process by which USTR can initiate an investigation "by means other than petition", a senior official told reporters on August 12.

"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".

"Americans are among the most innovative", said one official.

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The official, who was speaking on the condition of anonymity, said that he doesn't believe this will lead to a period of conflict between the US and China, adding, "this is simply business between two countries".

A 2013 report by a commission co-chaired by Jon Huntsman, ambassador to China under President Barack Obama and Trump's nominee to be Russian envoy, pegged the losses from USA intellectual property theft at hundreds of billions of dollars annually that cost the U.S. economy millions of jobs.

"China is widely recognised as the biggest source of the problem", he said.

"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.

"We would like to emphasize that the Chinese government has always attached importance to intellectual property protection", a spokesman said.

The United States has previously complained at the WTO about Chinese trade policies, including its "Made in China 2025" initiative, which seeks to have Chinese-made materials account for 70 percent of manufacturing inputs within the next eight years. The process among other things include hearing and giving the Chinese an opportunity to present their point of view. "But if China helps us, I feel a lot differently toward trade - a lot differently toward trade". But they may not know that China is forcing and coercing American companies that operate in China to turn over their technology.

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