The investigation is being ordered under US Trade Act of 1974, which officials said permits the USTR to investigate acts, policies or practices of a foreign country to determine whether they are indeed unreasonable or discriminatory that burden or otherwise restrict US commerce.
"China's been engaged in the theft and forced transfer of United States technologies and intellectual property for years".
Trump, who is on a working vacation at his New Jersey golf club, said Friday that he planned to be in Washington on Monday "for a very important meeting'" and "we're going to have a pretty big press conference".
The White House says Trump also told Xi he looked forward to seeing him in China later this year.
The President plans to sign an executive memorandum on Monday, directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said. The official spoke on condition of anonymity to discuss the order before Trump's formal announcement.
The United States, for example, has always complained that China dumps steel on its market, and if the Trump administration were to impose heavy tariffs on Chinese steel products, the retaliatory measure could draw other countries in, including Taiwan, which counts steel as one of its major exports, Sun said. But they may not know that China is forcing and coercing American companies that operate in China to turn over their technology. Trump has previously expressed frustration that China hasn't done more to economically punish North Korea.
White House: Donald Trump and Emmanuel Macron on growing North Korea's threat
North Korea has lashed back at the USA following President Donald Trump's latest warnings.
"At present, relevant parties should exercise restraint and avoid words and actions that would escalate tensions on the Korean Peninsula", Xi said, according to the statement provided by China's government.
"The relationship could spiral out of control, particularly if the movement on the trade front is combined with growing tensions over how to respond to North Korea", said Scott Kennedy, a China expert at the Centre for Strategic and International Studies.
Calling it "the responsibility of all", Macron called on the global community to "act in a concerted, firm and effective manner, as it has just done in the (U.N.) Security Council, to bring North Korea back to the path of dialogue". This past week, Trump said he could soften his views on trade if China stepped up its assistance, leading to speculation that the investigation could be a negotiating tactic. -China trading relationship. But analysts have cautioned that Trump faces a huge challenge in his desire to significantly reduce the US trade deficit with China, which a year ago stood at more than $300 billion.
If Lighthizer decides to go ahead with an investigation, the USA would first consult with China and the investigation process could take as long as a year, officials said.
Partial lunar eclipse set to occur on August 7, 2017
If you would like to see 100% totality, you will have to travel roughly 280 miles from Roanoke or a little under 4.5 hours. If weather is cloudy, most viewing events will provide a live NASA stream of the eclipse inside.
Rahul, who survived a dropped catch on 28, brought up his seventh consecutive Test 50 with a double off pacer Lahiru Kumara . Sandakan dismissed Pujara for a paltry 8 as he nicked one to Mathews at slip to get Sandakan his first wicket .
With the investment in infrastructure the North Korean people's lives would be improved and a dialogue would be opened. There are no air raid drills or cars in camouflage netting as was the case during previous crises.
James Finberg, who is a civil rights attorney has announced that he is working on finding a legal basis for these women. Pichai told employees there will be forums in the coming days, in lieu of the canceled town hall meeting.
A few hours after violent encounters between the two groups, a auto drove into a crowd of people peacefully protesting the rally. Orrin Hatch, a Republican from Utah, furiously condemned the President, saying: "We should call evil by its name".
In the face of Saturday's United Nations sanctions, North Korea remained defiant, saying the UN's move was unwarranted and unfair. Along with stopping the missile launches, North Korea would have to quit its nuclear weapons testing, he said recently.
Shocking video shows the moment a auto speed down a Charlottesville, Va ., street, hit a group of protesters and sped off. University of Virginia Medical Center spokeswoman Angela Taylor confirmed the death to The Associated Press .
The broad-based S&P 500 shed 0.6 percent to 2,459.50, while the tech-rich Nasdaq Composite Index tumbled 0.8 percent to 6,299.12. The local currency was trading at 1,145.05 won against the US dollar , down 3.05 won from the previous session's close.
Seizert Capital Partners LLC acquired a new position in Ambac Financial Group during the first quarter worth about $2,657,000. Fiduciary Trust Co. bought a new position in Fidelity National Financial during the second quarter valued at $137,000.
South Korea's KOSPI fell 1.8 percent to an 11-1/2-week low, but its losses for the week are a relatively modest 3.2 percent. The MSCI World index slipped 0.15 percent, extending Thursday's 1.1 percent drop, its biggest one-day slide since May 17.
How major United States stock market indexes fared Thursday
The dollar-denominated RTS index was down 1.5 percent at 1,013 points as of 0834 GMT, taking its year-to-date loss to 12 percent. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189%.
North Korea Tensions Hit Global Stock Markets
Shares Snap fell 1.94, or 14%, to 11.83 after the Snapchat parent reported earnings late Thursday that missed analyst forecasts. Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose.
Driver Who Crashed Into Counter Protesters ID'd
Our diversity, that mosaic tile of immigrants is what makes us so special, and we will not let anybody come here and destroy it. The mayor of Charlottesville said via Twitter on Saturday that he is "heartbroken" to announce that a "life has been lost".
Tropical Depression 8 forms in the western Atlantic
The Tropical Depression is expected to stay well off to our east and will not impact our coast here in North Carolina. However, the air that the system is running into will be dry, which might prevent it from organizing.
Gold Rises Along With North Korea Tensions
The economic consequences ... would likely be horrific, and ... also result in a temporary shock to global financial markets . It has been the leading S&P gainer so far this year, making it particularly vulnerable to a decline.
SoundCloud Accepts $170 Million Rescue, Taps New CEO
Trainor said SoundCloud will continue to offer the suscriptions, but that it won't be the central focus of the company. Total revenue has more than doubled to more than a $100 million annual run-rate this year. " SoundCloud can do more".
Trump warning over North Korea hits markets
Ten-year USA yields dropped 4.3 basis points to 2.24 percent and German equivalents fell 3 bps to 0.43 percent, a six-week low. Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen JPY= rose.