A former top U.S. trade negotiator under Bill Clinton told reporters on Monday that a move by President Trump to confront China on trade would prompt Beijing to retaliate in a bullish manner, possibly permanently damaging their relationship.
Trump is contemplating launching an investigation into China’s alleged abuse of intellectual property rights, which includes China’s subsidization of home-grown industries and doubling down on intellectual property theft with the forced transfer of foreign technology. Many experts in the U.S. agree with Trump that the business environment in China has become far less welcoming and even discriminatory.
However, it would be extremely detrimental of Trump to launch a “section 301″ case that would allow the U.S. to impose tariffs or other trade restrictions aimed at protecting U.S. industries. Trump’s planned visit to China later this year could be a re-defining moment in the U.S.-China relationship. Lets hope the second biggest economy will still want to trade with us after its over.
Source: The Guardian