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China warns it ‘won’t sit idle’ if US harms trade ties

business / Trade
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China warns it ‘won’t sit idle’ if US harms trade ties

/ 11:04 AM August 15, 2017

In this July 8, 2017, file photo, U.S. President Donald Trump, left, and China’s President Xi Jinping arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany. Trump is planning to sign an executive action asking the U.S. Trade Representative to consider investigating China for the theft of U.S. technology and intellectual property. He is taking the step even as he seeks China’s help with the ongoing crisis with North Korea. AP

BEIJING—China warned on Tuesday that it “will not sit idle” if the United States takes actions that impair trade ties after President Donald Trump launched a probe into Beijing’s intellectual property practices.

The commerce ministry issued a statement voicing “serious concern” and warning that any US trade protectionism “will definitely harm bilateral trade relations”.

The statement, posted to the ministry’s official website, added that Beijing would “definitely adopt all appropriate measures to vigorously defend the lawful rights and interest of China.”

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Trump on Monday signed a memorandum directing US Trade Representative Robert Lighthizer to determine whether Chinese policies hurt American investors or companies — with retaliatory measures a possible outcome.

READ: Trump orders probe of China’s intellectual property rules — officials

The president insisted that “Washington will turn a blind eye no longer” to Beijing’s “theft” of US industrial secrets — long a concern of major foreign corporations seeking a share of the huge Chinese market.

The probe comes at a time when US-China relations are already strained over North Korea, with Trump last week still suggesting that he might soften his position on trade if Beijing were to do more to help rein in its nuclear-armed neighbor.

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TAGS: China, Donald Trump, intellectual property practices, policy, Trade, US
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