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etvfutures.com August 19, 2017


Trump Pressures China On Trade; Executive Action Expected Monday

13 August 2017, 04:40 | Opal Carroll

The War Room with the Big Board from Stanley Kubrick’s 1964 film Dr. Strangelove

The War Room with the Big Board from Stanley Kubrick’s 1964 film Dr. Strangelove

The President plans to sign an executive memorandum on Monday, directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said.

In a background briefing with reporters on Saturday, White House officials pointed to frustration from USA businesses that they have to share intellectual property with China as a condition for doing business in the country.

Trump had been expected to order a so-called Section 301 investigation under the 1974 Trade Act earlier this month, but action had been postponed as the White House pressed for China's cooperation in reining in North Korea's nuclear programme. Pyongyang this week threatened to fire missiles near the US territory of Guam during an exchange of bellicose rhetoric with Trump.

China's foreign and commerce ministries did not immediately respond to faxed requests for comment Sunday.

The process Lighthizer will initiate, under Article 302b of the US Commercial Code, could take as long as a year to yield its findings. "If China helps us, I feel a lot different towards trade".

The decision will not only take action against alleged Chinese violations of USA companies' intellectual property rights, but could also be perceived as an attempt by the US government to crank up the pressure on Beijing to rein in North Korea.

Korean shares end lower on foreign selling amid tensions over N. Korea
The Nasdaq finished the day at 6,216.87, a slide of 135.46, while the S&P 500 lost almost 1.5 percent, ending the day at 2,438.21. Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter.


Calling it "the responsibility of all", Macron called on the worldwide community to "act in a concerted, firm and effective manner, as it has just done in the (U.N.) Security Council, to bring North Korea back to the path of dialogue".

"I think it's only fair to point out he inherited this crisis", Mr. Gore told Newsweek.

In the past week Donald Trump has retweeted his threats to rain down fire and fury, boasted about the readiness of his nuclear army and told a nation his "military solutions" were "fully in place, locked and loaded, should North Korea act unwisely".

Gordon Sun (孫明德), director of the Economic Forecasting Center under the Taiwan Institute of Economic Research, warned that if the US eventually imposes trade sanctions against China, "Taiwan should not take pleasure in (China's) misfortune". China is the North's biggest economic partner and source of aid, but says it alone can't compel Pyongyang to end its nuclear and missile programs. -China trading relationship. But analysts have cautioned that Trump faces a huge challenge in his desire to significantly reduce the US trade deficit with China, which previous year stood at more than $300 billion.

"These are two different things", the official said, speaking to reporters on a conference call.



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