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Trump Administration Is Said to Open Broad Inquiry Into China’s Trade Practices - The New York Times

posted onAugust 2, 2017
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Article snippet: WASHINGTON — The White House is preparing to open a broad investigation into electric cars and other crucial technologies of the future. The move, which could come in the next several days, signals a shift by the administration away from its emphasis on greater cooperation between Washington and Beijing, in part because administration officials have become frustrated by China’s reluctance to confront North Korea over its nuclear and ballistic missile programs. The investigation will focus on alleged Chinese violations of American intellectual property, according to three people with a detailed knowledge of the administration’s plans. The people spoke on the condition of anonymity because the deliberations were not yet public. Any move by the Trump administration to punish China over its trade practices would raise tensions within the world’s largest trade relationship between two countries. China’s export sector still contributes heavily to its economy growth despite Beijing’s efforts to diversify its economy, and China represents a lucrative market for American automakers, technology companies like Apple, farmers and many others. Still, China’s industrial ambitions — and growing frustration among American companies doing business there — have become harder for United States officials to ignore. China’s policy to become a leading manufacturer by 2025 in the fields of driverless cars, medical devices, semiconductors, artificial intelligence, robotics and many othe... Link to the full article to read more

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