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Media Report
August 15 , 2017
  • The Washington Post comments: "President Trump signed an executive memorandum Monday afternoon that will likely trigger an investigation into China's alleged theft of U.S. intellectual property, a measure that could eventually result in a wide range of penalties as the administration seeks a new way to deal with what it calls Chinese violations of the rules of international trade. 'The theft of intellectual property by foreign countries costs our nation millions of jobs and billions and billions of dollars each and every year,' Trump said, as he signed the memo surrounded by trade advisers and company executives. 'For too long, this wealth has been drained from our country while Washington has done nothing... But Washington will turn a blind eye no longer.' Officials said the memorandum would direct their top trade negotiator, U.S. Trade Representative Robert E. Lighthizer, to determine whether to launch an investigation. The inquiry would give the president broad authority to retaliate if it finds that China is compromising U.S. intellectual property."
  • The Wall Street Journal reports: "North Korea pulled back its threat to attack a U.S. territory, after days of trading increasingly bellicose rhetoric with U.S. President Donald Trump, and hours after China took its toughest steps against Pyongyang to support U.N. sanctions. North Korean state media said Tuesday that Kim Jong Un had made his decision not to fire on Guam after visiting a military command post and examining a military plan presented to him by his senior officers. But it warned that he could change his mind 'if the Yankees persist in their extremely dangerous reckless actions.' The turnabout came as the U.S. and China were engaged in a delicate contest on two fronts, with each trying to push the other to handle the North Korea situation in the way it preferred, even while both sparred over trade issues that they insisted were unrelated. Beijing said it would ban imports of North Korean coal, iron and seafood, starting Tuesday, measures that hew to sanctions passed by the U.N. Security Council this month targeting Pyongyang's nuclear-arms program. The timing of the announcement was a response to Mr. Trump's plans to kick off a probe into China's alleged theft of U.S. intellectual property, according to people with knowledge of the Chinese leadership's thinking. That probe was officially announced later on Monday."
  • The New York Times comments: "President Trump on Monday instructed the office of the United States Trade Representative to consider an investigation into China's sustained and widespread attacks on America's intellectual property... For too long, the United States has treated China as a developing nation to be coaxed and lectured, while tolerating its bad behavior as merely growing pains. There has been an expectation that as China's economy matures, it will of its own accord adopt international standards in commerce, including protection for intellectual property. There has also been a tendency to excuse mercantilist behavior, including industrial espionage, as a passing phase, and to justify inaction as necessary to secure Chinese cooperation on other, supposedly more important, issues. Chinese companies, with the encouragement of official Chinese policy and often the active participation of government personnel, have been pillaging the intellectual property of American companies. All together, intellectual-property theft costs America up to $600 billion a year, the greatest transfer of wealth in history. China accounts for most of that loss... This assault saps economic growth, costs Americans jobs, weakens our military capability and undercuts a key American competitive advantage — innovation."
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