U.S. ready to deal with Chinese ‘unfair trade practices’
Donald Trump is ready to make a decision on how to respond to China’s unfair trade policies, said by Trump administration on Tuesday.
Trump is thinking about empowering U.S. Exchange Representative Robert Lighthizer to start an examination of Chinese exchange rehearses under the 1974 Trade Act’s section 301, the authority said.
Section 301 of the Trade Act of 1974 enables the president to singularly force taxes or other exchange limitations to secure U.S. businesses from “unreasonable exchange hones” of outside nations, for example, exchange assention infringement, or biased activities that weight U.S. business.
The United States has a number of issues with China on trade including accusations of steel dumping disturbing U.S. intellectual property.
China remarks the trade between China and U.S. is beneficial for both countries.
Trump interest’s to penalize Beijing has risen after Chinese Inaction on reining in increasingly belligerent North Korea.
U.S. is putting pressure on China to adopt more strict economic and diplomatic policies towards North Korea to disturb it’s nuclear program. But Beijing said, our influence on North Korea is limited.
A senior Chinese official said on Monday there was no link between North Korea’s nuclear program and China-U.S. trade.
Susan Thornton, acting associate secretary of state for East Asia, told a congressional hearing on Tuesday that new U.S. sanctions went for checking North Korean’s weapons programs, including measures went for Chinese monetary foundations, could be normal “reasonably soon.”