The White House is preparing a set of economic measures to restrict trade with China, the Izvestia newspaper, citing The New York Times, reported on August 2.
Reducing trade relations with China is planned in response to China’s infringement on US intellectual property and restrictions on the activity of US companies in China.
According to The New York Times, a statement by Donald Trump will be published soon. This statement will use China’s insufficient efforts in persuading North Korea to shut down its nuclear program to justify a set of trade countermeasures.
US countermeasures against China may include the increase of customs duties on Chinese goods and services, as well as revoking the licenses of Chinese firms in response to restrictions against American business in China.
On July 30, Donald Trump tweeted that China is doing “nothing for us with North Korea...” However, on August 1, Rex Tillerson, the US Secretary of State, said that the US does not blame China for escalating tensions with North Korea, but there is hope for the China’s influence on Pyongyang.
Source: Rossa Primavera News Agency