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TRADE WARS
Washington plans trade measures against China: report
by Staff Writers
New York (AFP) Aug 2, 2017


The United States is planning to take trade measures against China to force it to crack down on theft of intellectual property, the Wall Street Journal reported late Tuesday.

President Donald Trump's administration plans to invoke a little used clause in US trade law that allows America to probe whether China's intellectual-property policies constitute unfair trade practices, the paper said, quoting people familiar with the matter.

The administration wants Beijing to impose stiffer penalties on theft of intellectual property and ease obligations that US firms hoping to enter the Chinese market share advanced technology, the Journal said.

It said it is not known how long the administration will study the issue before making a decision.

The paper said officials at one point had hinted an announcement could come this week.

Trump and his Chinese counterpart Xi Jinping seemed to get off to a good start when they met in Florida in April and agreed on a 100 day action plan.

This led to exports of US beef to China for the first time since 2003.

But in mid-July a day of trade talks led to nothing.

Trump on Saturday expressed frustration with China's behavior in the North Korea missile crisis, accusing it of not doing enough and seeming to raise the idea of reprisal against Beijing.

TRADE WARS
Starbucks takes full control of China stores in $1.3 bn deal
Shanghai (AFP) July 28, 2017
US coffee chain Starbucks has announced it will take full control of its mainland China outlets in a $1.3 billion deal, the largest single acquisition in the company's history. It will buy the remaining 50 percent of its East China joint venture from Taiwan's food and beverage giant Uni-President, according to a company statement issued Thursday. Starbucks will gain full control of 1,300 ... read more

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