President Trump has been calling out China for their unfair trade practices for a long time, and he’s always promised that he would take them to task if elected.
In keeping true to his word, Trump is prepared to initiate new trade policies with China that are set to start on Monday.
Trump plans to call for an investigation into China for their role in alleged violations of U.S. intellectual property rights and technology laws.
This announcement comes just a day after China made a veiled threat regarding their stance on the U.S./North Korean disputes, as they claimed they would intervene on behalf of North Korea should the United States make the first move.
President Trump is poised to create harsh economic sanctions against China, who he has long called out for currency manipulation and unfair trade, and is clearly sending a message with the timing of his recent announcement.
China remains one of North Korea’s few allies, and their relationship is rock and strained; although China would like to avoid the collapse of the tiny rogue nation, especially due to the possibility for a massive influx of North Korean refugees, their business with the United States is far more lucrative.
By letting the Chinese leadership know that the U.S. will not be bullied, President Trump is setting the stage for the potential to make the first strike against North Korea while avoiding conflict with China, should the need arise.
President Donald Trump is ready to launch a new trade crackdown on China next week, an administration official confirmed.
Trump on Monday will call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers, the official said. While it’s unclear how much detail Trump will get into in the announcement, administration officials expect U.S. Trade Representative Robert Lighthizer to open an investigation against China under Section 301 of the Trade Act of 1974.
The pending announcement comes amid heightened tension between the United States and China, even after the Trump administration scored a victory in persuading Beijing to sign onto new United Nations sanctions on North Korea.
It is not clear whether China has the motivation to close off the spigot entirely with North Korea. China is North Korea’s main trading partner, and it is not interested in seeing the economic collapse of the regime, which could send a flood of refugees into China and destabilize its northern provinces.
The ordering of the investigation will not immediately impose sanctions but could lead to steep tariffs on Chinese goods. Trump has expressed frustration in recent months over what he sees as China’s unfair trade policies.