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Trump to announce China trade sanctions on Thursday

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President Donald Trump is poised to unveil sanctions against China for the “theft” of US intellectual property Thursday, a White House official said, teeing up a second potential trade war in as many months.

Spokesman Raj Shah told AFP that Trump will announce actions following an “investigation into China’s state-led, market-distorting efforts to force, pressure, and steal US technologies and intellectual property.”

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Beijing has already warned the Trump administration against the move, urging him not act “emotionally.”

It is just weeks since Trump short-circuited White House deliberations and announced a raft of sanctions on foreign-produced steel and aluminum off the cuff.

That move prompted the resignation of top economic advisor Gary Cohn, a stock market selloff, legal disputes and threats of retaliatory measures.

On Wednesday Federal Reserve Chairman Jerome Powell warned that the prospect of a trade war as a growing threat to the world’s largest economy.

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But the impulsive president is showing no sign of backing down.

US Trade Representative Robert Lighthizer recently proposed a separate package of $30 billion in tariffs on China.

Trump appears to have agreed at least that amount, as he tries to fulfil campaign promises to get tough on trade distortions, which he says have destroyed American jobs.

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The US trade deficit with China ran to a record $375 billion last year — but US exports to the country were also at a record.

Washington has long accused Beijing of forcing US companies to turn over proprietary commercial information and intellectual property as a condition of operating in China.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Here’s why Trump is right — a recession would likely doom his re-election

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President Donald Trump is worried that there will be a recession before the 2020 election. For once, he is right about something.

This article originally appeared at Salon.

"The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, the Democrat Party, are working overtime to convince people that we are in, or will soon be going into, a Recession," Trump tweeted on Friday in a clear attempt to assuage concerns. "They are willing to lose their wealth, or a big part of it, just for the possibility of winning the Election. But it won’t work because I always find a way to win, especially for the people!"

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WATCH: Climate activists chant ‘failure of leadership’ at Tom Perez after DNC votes against climate debate

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Activists walked out of the Democratic National Committee's summer meeting in San Francisco after the organization voted against allowing a climate change debate during the 2020 primary.

DNC Chair Tom Perez imposed strict rules on the debates, which prevented a climate change debate from occurring. Climate activists had forced a vote, hoping to overrule the party boss.

"The Democratic Party needs the energy, motivation, and organizing capacity of young people to defeat Trump in 2020. But Tom Perez keeps shooting the party in the foot by rejecting that energy and turning it away," the Sunrise Movement said in a statement.

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DNC votes against allowing a climate change debate amongst the 2020 hopefuls

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