US President Donald Trump is poised to unveil sanctions against China for the \u201ctheft\u201d of US intellectual property Thursday, a White House official said, teeing up a second potential trade war in as many months.<\/p>\n
Spokesman Raj Shah told AFP that Trump will announce actions following an \u201cinvestigation into China\u2019s state-led, market-distorting efforts to force, pressure, and steal US technologies and intellectual property.\u201d<\/p>\n
Beijing has already warned the Trump administration against the move, urging him not act \u201cemotionally.\u201d<\/p>\n
It is just weeks since Trump short-circuited White House deliberations and announced a raft of sanctions on foreign-produced steel and aluminium off the cuff.<\/p>\n
That move prompted the resignation of top economic advisor Gary Cohn, a stock market sell-off, legal disputes and threats of retaliatory measures.<\/p>\n
On Wednesday, Federal Reserve Chairman Jerome Powell warned that the prospect of a trade war as a growing threat to the world\u2019s largest economy.<\/p>\n
But the impulsive president is showing no sign of backing down.<\/p>\n
US Trade Representative Robert Lighthizer recently proposed a separate package of $30 billion in tariffs on China.<\/p>\n
Trump appears to have agreed at least that amount, as he tries to fulfil campaign promises to get tough on trade distortions, which he says have destroyed American jobs.<\/p>\n
The US trade deficit with China ran to a record $375 billion last year — but US exports to the country were also at a record.<\/p>\n
Washington has long accused Beijing of forcing US companies to turn over proprietary commercial information and intellectual property as a condition of operating in China.<\/p>\n","protected":false},"excerpt":{"rendered":"
US President Donald Trump is poised to unveil sanctions against China for the \u201ctheft\u201d of US intellectual property Thursday, a White House official said, teeing up a second potential trade war in as many months. Spokesman Raj Shah told AFP that Trump will announce actions following an \u201cinvestigation into China\u2019s state-led, market-distorting efforts to force, […]<\/p>\n","protected":false},"author":1,"featured_media":25583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-25582","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\/25582","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=25582"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/25582\/revisions"}],"predecessor-version":[{"id":25584,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/25582\/revisions\/25584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/25583"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=25582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=25582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=25582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}