U.S. and Canada Reach Trade Deal to Keep Nafta Trilateral

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  • Parties plan to publish trilateral text by midnight deadline
  • U.S. business, lawmakers urged U.S. to keep Canada in pact

The U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter. Continue reading

China targets American technology in drive to become innovation leader

Photo by: Mark Schiefelbein Robotic military technology was displayed at an exhibition highlighting China’s achievements under five years of leadership by President Xi Jinping. The exhibition at the Beijing Exhibition Hall opened in September ahead of a Communist Party congress this month. (Associated Press/File)

 

China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power.

“China is pushing to further deepen technology collaboration with U.S. business and academic institutions as part of a national effort to transform its economy, including by putting China at the leading edge of global technological innovation,” said a U.S. intelligence official who provided a recent assessment of China.

“At the same time, Beijing is trying to downplay concerns that this state-led technology acquisition drive creates an unlevel playing field, forces technology transfers to China, limits foreign companies’ access to the Chinese market and is a threat to U.S. and other companies economic strengths,” the official added. Continue reading

China says it will respond to any US trade threat

Beijing: China has expressed “grave concern” at the Trump administration’s probe into whether China steals intellectual property and discriminates against US technology companies.

After Mr Trump signed a presidential order to start the probe, which could lead to sanctions, China’s commerce ministry hit back saying the United States “should not become a destroyer of the multilateral rules” of world trade. Continue reading

Trump To Launch Trade War With China On Friday, Beijing Vows Retaliation

 

Yesterday, the WSJ reported that the Trump administration is planning to begin a probe of what the U.S. sees as violations of intellectual property by China. Against a backdrop of Trump’s frustrations with domestic policy, sliding approval ratings and disagreement with China over North Korea, the chances of protectionist action are rising, as is the probability of a “hot”, retaliatory trade war. This morning ow learn when Trump is set to fire the first shot. Reuters reports, citing White House officials, that President Trump is expected to make a speech and sign a memorandum at the White House on tomorrow, Friday, that will target China’s intellectual property and trade practices, effectively firing the first shot in what could escalate into a major US-China trade war. Continue reading