Trump signs executive memorandum directing trade investigation against China
On the afternoon of the 14th local time, U.S. President Trump signed an administrative memorandum at the White House, instructing U.S. Trade Representative Lighthizer to launch an investigation into the so-called “China’s unfair trade practices” to ensure that U.S. intellectual property rights and technology are protected. This means that Lighthizer may invoke Section 301 of the U.S. Trade Act of 1974 to initiate a “301 investigation” against China. This provision authorizes the U.S. Trade Representative to initiate investigations into unreasonable or unfair trade practices of other countries, and to recommend to the U.S. President the imposition of unilateral sanctions such as additional tariffs after the investigation is completed.
“Section 301” was widely used in the United States in the 1970s and 1980s, but since the establishment of the World Trade Organization in 1995, the United States has generally resorted to disputes through the Geneva-based agency rather than unilaterally action, so “Section 301” is not widely used.
In response to related issues, Chinese Foreign Ministry spokesperson Hua Chunying pointed out on the 14th that relevant trade measures should abide by WTO rules and that a trade war has no future and will only lead to a lose-lose situation.
Chinese Ministry of Commerce Spokesperson Gao Feng said on August 3 that Sino-US economic and trade relations are the “ballast stone” and “propeller” of Sino-US bilateral relations. They are the key to mutual benefit. A win-win situation means both parties benefit from cooperation and both suffer from confrontation.
U.S. media criticized Trump for not taking unilateral trade actions and calling for the advancement of the China-U.S. bilateral investment agreement
The New York Times reported that Chad Brown, a senior researcher at the Peterson Institute for International Economics (PIIE), said that the “Section 301” used by the Trump administration is an outdated U.S. trade law provision. WTO members should resolve trade disputes within the WTO framework rather than based on a member’s own laws. If the United States launches a “301 investigation” against China, it will place its domestic laws above international laws. Not only will it not solve the problem, it will further damage the international image of the United States. Trump signs an administrative memorandum directing the launch of a trade investigation against China
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