US to Investigate China Trade Practices

Donald Trump is set to launch an investigation into China’s trade practices later, a move which could lead to the US imposing sanctions.

The president will sign a memorandum directing US Trade Representative Robert Lighthizer to look into China’s intellectual property practices.

US officials have accused China of stealing intellectual property from American companies.

But the China Daily newspaper said the move could “poison” China-US relations.

BBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.