The unnamed source told Bloomberg that Trump and his team “are concerned over what the U.S. thinks as Chinese violations of intellectual property”, the White House wanted to “reward China’s cooperation on North Korea and is balancing national security concerns against domestic economic considerations. President Donald Trump plans to wait at least a week and possibly longer on moving forward with a trade investigation of China on intellectual property violations.
While a trade war with China is nothing new under Donald Trump — the president has long held the belief that China has an unfair advantage in its trading policies with the U.S. Speculation was high last week that the Trump administration was preparing to take action against China via the little-used Section 301 of the Trade Act of 1974. This section permits the president to impose tariffs or trade restrictions in the name of protecting U.S. commerce.
A White House announcement on the Section 301 investigation had even been scheduled for last Friday. But, the announcement was postponed “at the urging of United Nations and State Department officials, who are in the sensitive final stages of convincing China to sign on to a U.N. resolution that would impose new sanctions on North Korea. Whether or not Trump’s backing off on the trade angle was what ultimately got China to go along with sanctions, the fact remains that China did go along —knowing full well it would be the one hardest hit in economic terms.The sanctions are aimed at slashing a full third of the Hermit Kingdom’s annual $3 billion in exports.
United Nations ambassador Nikki Haley agrees that if nothing else, China’s decision to go along with sanctions marks a move toward international cohesion on the North Korea issue.