Chinese official says no link between USA trade and N. Korea

Elias Hubbard
August 3, 2017

Vice Commerce Minister Qian Keming's remarks Monday followed tweets by President Donald Trump complaining that China had benefited massively from trade with the USA while providing no help resolving problems with North Korea.

New reports indicate President Trump is preparing to take action against China over trade.

Frustrated over China's inability to pressure North Korea over its nuclear program, the Trump administration is weighing plans to punish China for failing to crack down on intellectual property thefts and forcing USA and foreign companies to share their technology in return for access to the vast Chinese market.

The law allows the president to unilaterally impose tariffs and other trade sanctions to protect the USA economy from "unfair trade practices" of foreign countries.

The senior administration official said the potential trade investigation is partly an effort to put pressure on China to crack down on North Korea.

"I am very disappointed in China". Beijing has said its influence on North Korea is limited.

"We will no longer allow this to continue", he added. And China has essentially acted like it no longer wishes to be bothered in interfering with our North Korea problem.

China's export sector still contributes heavily to its economic growth despite Beijing's efforts to diversify its economy, and the country represents a lucrative market for United States automakers, technology firms like Apple, farmers and many others. "Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade", he tweeted recently, "yet. they do NOTHING for us with North Korea, just talk".

Section 301 was used extensively in the 1980s to combat Japanese imports of motorcycles, steel and other products - an era during which Lighthizer served as deputy USA trade representative.

"Both China and Europe also bankroll their exports through grants, low-priced loans, energy subsidies, special value-added tax refunds and below-market real estate sales, among other means", Ross wrote.

The White House has repeatedly accused China of devaluing the yuan, steel dumping, and theft of United States intellectual property. China now has a rule forcing foreign companies operating there to put their intellectual property in locally-held subsidiaries.

Trump on April 20 launched a trade probe against China and other foreign exporters of cheap steel into the USA market, citing national security concerns and raising the possibility of new tariffs.

China's policy to become a leading manufacturer by 2025 in the fields of driverless cars, medical devices, semiconductors, artificial intelligence, robotics and many other technologies has caught the attention of officials in President Donald Trump's administration.

Confronting Beijing over trade would fit with Trump's campaign rhetoric, which included promises to bring back US manufacturing jobs that he accused China of stealing.

China reported trade volume rose in the first half of 2017 against the same period last year, ending a two-year decline.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER