Lunedi, 19 Novembre, 2018

China bans North Korean iron, seafood imports

China bans North Korean iron, seafood imports China bans North Korean iron, seafood imports
Parmenio Sano | 15 Agosto, 2017, 07:39

Donald Trump was widely expected to order the launch of an investigation into alleged intellectual property theft, tasking United States trade representative Robert Lighthizer with the job of overseeing the probe.

The new probe is the latest in a series of measures undertaken by the Trump White House to step up pressure on China in an effort to slash the huge USA trade deficit.

"Washington will turn a blind eye no longer", Trump insisted.

The suspension of coal imports, announced in February, deprives the North of a massive income as it totalled US$1.2 billion past year.

But in a report this year, the Commission on the Theft of American Intellectual Property named China as the main offender, estimating the cost to the US economy at up to $600 billion a year.

The new import ban comes as President Donald Trump prepares to investigate questionable Chinese trading practices, the latest in a series of attacks on Chinese strategic interests as the president grows frustrated with China's inaction with regard to North Korea.

"And the inquiry the USA administration has ordered into China's trade policies, if carried out, could intensify tensions, especially on intellectual property rights", the commentary said. Think tanks, industry groups and the US government contend that Beijing is also hacking and spying its way to the top of the high-tech industry.

China's new envoy, Assistant Foreign Minister Kong Xuanyou, 58, is an ethnic Korean from the northeastern Chinese province of Heilongjiang, who has overall responsibility for Asian affairs at the foreign ministry, according to his resume.


In April, the president ordered an investigation into the world steel market. Lighthizer will recommend an official probe if needed.

The announcement follows an escalating exchange of angry words between Kim's government and the Trump administration in Washington. The weapon system, which could shoot down incoming ballistic missiles from the North, is controversial in South Korea because of its environmental as well as economic impact.

Trump routinely slams China's trade practices, and blames China for the loss of millions of manufacturing jobs.

Trump hopes to leverage China - North Korea's only major ally - to apply more economic pressure on Pyongyang to deter its nuclear and missile programs.

Tensions with Pyongyang have been intensifying, however, and Trump has grown frustrated with the lack of progress.

Some experts say the wording of the memorandum is watered down, reflecting how high a priority North Korea is for the administration.

Seoul, a metropolitan area of some 25 million people, lies within range of North Korea's conventional artillery stationed just 30 miles to the North. Hundreds of thousands of Americans, including more than 28,000 U.S. troops, also live in South Korea.

The war of words has sparked global concern, with world leaders including Chinese President Xi Jinping urging calm on both sides in a phone call with Trump over the weekend.

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