Washington,<\/p>\n
President Donald Trump is set to sign an executive order to probe China\u2019s \u201cunfair\u201d trade practices that harm American businesses and have an impact on its intellectual properties, a senior official said on Sunday.<\/p>\n
Trump, currently 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.<\/p>\n
Trump\u2019s latest move does not mean any immediate sanctions on China as is being reported by some media outlets, but might lead to one at the end of the investigation which could take as long as a year.<\/p>\n
\u201cThe President would sign an executive memorandum that directs the US Trade Representatives (USTR) Robert Lighthizer to determine if it is consistent whether to investigate any of China\u2019s laws, policies, practices or actions that make unreasonable or discriminatory or may be harming American intellectual property, innovation of technology,\u201d a senior administration official told reporters.<\/p>\n
The official said Trump informed Chinese President Xi Jinping about his executive order during their phone call last night.<\/p>\n
The investigation is being ordered under US Trade Act of 1974, which officials said permits the USTR to investigate acts, policies or practices of a foreign country to determine whether they are indeed unreasonable or discriminatory that burden or otherwise restrict US commerce.<\/p>\n
\u201cChina\u2019s unfair trade practices and industrial policies including forced technology transfer and intellectual property theft harm the US economy and its workers,\u201d a second administration official said.<\/p>\n
The Chinese policies of an American company to enter into a join venture with a Chinese company to do business is \u201cnot fair\u201d, the official said.<\/p>\n
In addition to this joint venture they are asked to turn over intellectual property or other propriety information.<\/p>\n
\u201cThis is simply not fair,\u201d said the official who spoke on condition of anonymity.<\/p>\n
American companies \u201cshould not be forced or coerced to turn over the fruits of their labour,\u201d the official said, adding that the cost of intellectual theft on US economy is estimated to be as high as USD 600 billion a year.<\/p>\n
\u201cChina is widely recognised as the biggest source of the problem,\u201d he said.<\/p>\n
Such thefts not only damage American companies, but also pose a threat to the US national security, the second official said.<\/p>\n
\u201cPresident Trump is committed to protect America\u2019s intellectual property and national security,\u201d the official said.<\/p>\n
According to a third senior administration official, these investigations could take as much as a year before the US Trade Representative could come out with its determination.<\/p>\n
The process among other things include hearing and giving the Chinese an opportunity to present their point of view.<\/p>\n
\u201cMost Americans feel that China is stealing our intellectual property. But they may not know that China is forcing and coercing American companies that operate in China to turn over their technology. China\u2019s forced technology transfer is highly institutionalised,\u201d the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington, President Donald Trump is set to sign an executive order to probe China\u2019s \u201cunfair\u201d trade practices that harm American businesses and have an impact on its intellectual properties, a senior official said on Sunday. Trump, currently on a 17-day working summer vacation at his golf resort in New Jersey, is returning to the White […]<\/p>\n","protected":false},"author":1,"featured_media":2020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-2019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/2019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=2019"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/2019\/revisions"}],"predecessor-version":[{"id":2021,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/2019\/revisions\/2021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/2020"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=2019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=2019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=2019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}