Trump is reportedly preparing trade measures, possible sanctions, against China over intellectual property
The Trump administration is preparing to launch a wide-ranging investigation into Chinese trade practices, especially involving intellectual property theft and market-access requirements, in what could be a first step toward unilateral sanctions on Chinese exporters, The Wall Street Journal and The New York Times reported late Tuesday, citing people familiar with the details of President Trump's plans. Trump was a harsh critic of Chinese trade and currency practices during the campaign, but has shifted as president to a more conciliatory stance after meeting Chinese President Xi Jinping. More recently, Trump has expressed irritation at China for failing to rein in North Korea's nuclear ambitions.
The inquiry into the alleged unfair trade practices, conducted by the Office of the U.S. Trade Representative, could last as little as a few months, and after its conclusion, the Trump administration is considering taking unilateral punitive measures using Section 301 of the 1974 Trade Act. The actions could include tariffs on Chinese imports, pulling the licenses of Chinese firms that do business in the U.S., or otherwise tamping down the transfer of advanced technologies to Chinese companies or joint U.S.-China ventures.
The Reagan and George H.W. Bush administrations used Section 301 actions liberally, but since the World Trade Organization was launched in 1995, subsequent presidents have steered most international trade disputes through the WTO's international mediators.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
U.S. companies have been complaining in recent years about China's increasing shift to bolster and protect 10 industries, including microchips and self-driving cars, and they are especially concerned about a recent cybersecurity law that might require them to move data centers to China and transfer technology to ventures they are required to form with a Chinese partner. At the same time, China is a lucrative market for U.S. tech companies, farmers, and automakers.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
'Elevating Earth Day into a national holiday is not radical — it's practical'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
UAW scores historic win in South at VW plant
Speed Read Volkswagen workers in Tennessee have voted to join the United Auto Workers union
By Peter Weber, The Week US Published
-
Today's political cartoons - April 22, 2024
Cartoons Monday's cartoons - dystopian laughs, WNBA salaries, and more
By The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published