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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam