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President Donald Trump launched the next salvo in his widening war on Chinese trade abuses, this time taking aim at China's unfair seizure of US intellectual property.Trump on Thursday directed the US trade representative to level tariffs on about billion worth of Chinese imports following a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations. In addition to the tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures."We have a tremendous intellectual property theft problem," Trump said. "It's going to make us a much stronger, much richer nation."The move, which comes on the heels of the administration's steel and aluminum tariffs that also took aim at China, has already been met with threats of retaliation from China and is heightening concerns of a global trade war that could destabilize the global economy -- fears the Trump administration has repeatedly brushed off.Trump on Thursday signed a memorandum announcing the trade actions, invoking Section 301 of the 1974 Trade Act, which formed the basis for the administration's investigation.Before signing the measure, Trump lamented the US' multi-hundred billion dollar trade deficit with China and said the action would be "the first of many."Trump prefaced his trade action by insisting he views China as a "friend" and said he has "tremendous respect" for Chinese President Xi Jinping, as he flicked to China's support in pressuring North Korea to denuclearize."They are helping us a lot in North Korea," Trump said. "But we have a trade deficit ... there are many different ways of looking at it, but no matter which way you look at it, it is the largest trade deficit of any country in the history of the world."Trump said the US would continue to engage diplomatically with China to reduce the trade imbalance, even as he signed an action that is likely to exacerbate tensions between the two countries.Robert Lighthizer, the US trade representative, said the tariffs would focus on theft of US technologies and said Trump "concluded that we should put in place tariffs on appropriate products" following the investigation."This is an extremely important action. Very significant and very important for the future of the country, really across industries," Lighthizer said.The investigation concluded that China has stolen or coerced US companies into turning over their intellectual property through a series of state-run structural maneuvers, including its requirement that foreign companies partner with Chinese companies to access the Chinese market, said Everett Eissenstat, the deputy director of the National Economic Council for international economic affairs.The investigation also assessed that China has stolen US intellectual property by hacking US computer networks, though senior administration officials said Thursday's tariffs would not account for the value of that intellectual property theft, which they estimated to be in the hundreds of billions of dollars.The incoming tariffs are the most significant to date from a President who campaigned on a promise to correct the US' global trade imbalance, particularly with China, and to revitalize US manufacturing. The move is just the latest sign that Trump is intent on putting his protectionist rhetoric into action despite concerns from economists and financial analysts, including within his own administration.Beyond the threat of a far-reaching trade war, economists have warned US consumers are likely to bear the cost of the tariffs and worries about Chinese retaliation are mounting."A trade war does no good to anyone. There is no winner," China's Premier Li Keqiang said at a news conference in Beijing in anticipation of the Trump administration's tariff action.The Trump administration, though, has said it is simply taking long-overdue action following years of unfair Chinese trading practices that they argue previous administrations have insufficiently countered.Peter Navarro, Trump's hawkish top trade adviser, said the administration had decided on the tariffs in lockstep and said the US opted to take tariff actions after dialogues with China over the last 15 years have failed to produce significant changes in Chinese behavior."Administrations before us and this administration has tried very, very hard to work with the Chinese," Navarro said. "Talk is not cheap. It has been very expensive to the American people."The tariffs will not take immediate effect. Instead, the US trade representative will publish a list of targeted goods within 15 days and will then allow for a 30-day public comment period.Pressed about the impact on US consumers, a senior administration official said the administration believed the tariffs would result in only "minimal effects" on US consumers."In terms of the broader calculus of the harm that is done by what is the theft ... of intellectual property is almost incalculable," the official said.  5136

President Donald Trump addressed reporters from the White House briefing room on Tuesday on the coronavirus pandemic, saying that the virus will get worse before it gets better.“It will probably, unfortunately, get worse before it gets better,” Trump told reporters. “Something I don't like saying about things, but that's the way it is. That's the way -- that's what we have. You look over the world, it's all over the world.”Trump specifically mentioned an uptick in cases in the Sun Belt as a cause for concern.“As cases and fatalities rise in certain hard hit states, we're surging personnel, supplies, and therapeutics,” Trump said. “We again have tremendous amount of supply. We are in very good shape and we can move them quickly.”Trump also echoed the advice of leading infectious disease experts by encouraging young people to avoid crowded indoor spaces, such as bars.“We're, instead, asking Americans to use masks, socially distance, and employ vigorous hygiene, wash your hands every chance you get while sheltering high-risk populations,” Trump said. “We are imploring young Americans to avoid packed bars and other crowded indoor gatherings. Be safe and be smart.”While Trump at times took a more serious tone, he repeated a notion that the United States’ response to the virus outperformed other countries due to a low case fatality rate. The case fatality rate is the proportion of confirmed COVID-19 cases to the number of coronavirus deaths. While the US is doing relatively well in this metric compared to several other nations, the number of cases in the US far exceed any other nation.France, which is considered a country with a high case fatality rate, had 20 coronavirus-related deaths reported on Monday, according to New York Times data. Meanwhile, the US had 531 fatalities. Adjusted for population, the US had more than five times the number of coronavirus-related deaths than France on Monday.Trump noted that the number of deaths per day remains lower than at the peak of the virus, but according to Johns Hopkins University data, the number has remained steady, if not ticked up, in recent weeks.“By understanding these risk profiles and learning how to treat the disease, we've been able to greatly reduce the mortality in the United States,” Trump said. 2294

President Donald Trump and his lawyer Rudy Giuliani said Saturday that Friday's court filings in the Paul Manafort and Michael Cohen cases showed no collusion between the 2016 Trump presidential campaign and Russia."Time for the Witch Hunt to END!" Trump tweeted Saturday morning, referring to the special counsel Robert Mueller's investigation.The President also quoted Fox News correspondent Geraldo Rivera, saying "this is collusion illusion" and "there is nothing impeachable here."Rivera, who made the comments Saturday morning on Fox News, has called Trump a friend and appeared on his hit reality TV show, "Celebrity Apprentice."Earlier Saturday, Trump tweeted, "AFTER TWO YEARS AND MILLIONS OF PAGES OF DOCUMENTS (and a cost of over ,000,000), NO COLLUSION!"Giuliani echoed the President on Saturday, arguing that "Mueller's late Friday dump demonstrates yet again no evidence connected to President.""It also indicates SDNY is asking that Cohen receive a 4 year prison sentence, longest so far, because as we have said he's still lying," Giuliani wrote on Twitter, referring to the US attorney for the Southern District of New York.The comments come as Mueller's filings on Cohen and Manafort appear to further tighten the net that Mueller is gathering around the President and his inner circle.In a heavily redacted document, Mueller said Friday that former Trump campaign chairman Manafort lied about five major issues, including his "contact with administration officials," after agreeing to cooperate with federal prosecutors.Federal prosecutors in New York also revealed in a set of court filings Friday that Trump's former lawyer Cohen acted at the direction of Trump when he committed two election-related crimes during the 2016 campaign. Prosecutors said Cohen should receive a "substantial" prison sentence of roughly four years for tax fraud and campaign finance crimes.In a separate filing, prosecutors from Mueller's office accused Cohen of lying to them about his contacts with Russia.Despite the revelations in the filings, Trump tweeted after their release on Friday, "Totally clears the President. Thank you!" 2190

President Donald Trump on Friday said that he is ready to sign an executive order that will offer unemployment supplements, eviction protection, and a payroll tax holiday through the end of the year. Trump said the order could "by the end of the week," and that he has lawyers currently drawing up the order. The executive order comes as Congress has stalled on negotiations with the White House on another round of stimulus funds. It also remains questionable how some of his edicts will be funded without Congressional authorization."You always get sued," Trump said, dismissing concerns that the orders are not legal. His announcement comes as unemployment remained above 10% in July for the fourth straight month.Trump did not specify how much the unemployment supplement would be for, but it would be retroactive to the beginning of the month. Previously, a 0 a week supplement for unemployed workers expired on July 31.Trump announced that his executive order will continue a freeze on federal student loan payments until further notice.He also said he will continue a moratorium on evictions through the end of the year. And his executive order would implement a payroll tax holiday through Dec. 31. 1218

President Donald Trump delivered remarks from the White House on Thursday, again declaring himself the rightful winner of Tuesday’s election and that the election is being stolen.Currently, Joe Biden is projected to be ahead in the Electoral College vote. Biden is ahead by a 264-213 margin, according to the Associated Press. While the Associated Press called Arizona early Wednesday, some outlets have not called Arizona, which Biden has led narrowly.Trump made a multitude of false statements to sow doubt into the legitimacy of the election.To be clear, Trump still has a narrow path to the presidency, but that path is becoming more narrow by the hour. As Trump spoke, 17,000 votes in Savannah, Georgia, were tabulated cutting Trump’s lead in the state by 6,000. Trump now leads the state by 3,500 votes with 19,000 votes left. Biden has been winning mail-in votes in Georgia by nearly a 2-to-1 margin, which would be enough to give Biden a narrow win in the state.Conversely, Trump won over 62% of the Election Day vote in Georgia. Because those ballots were first to be reported, Trump racked up a sizable lead in Georgia. A similar situation in Pennsylvania took place. In Pennsylvania, Trump won the Election Day vote by a 2-to-1 margin, but trailed the mail-in vote by a 3-to-1 margin. Early on Thursday, Trump tweeted “STOP THE COUNT” as mail-in votes postmarked on or before Election Day are being counted in states such as Pennsylvania and Georgia. These ballots have helped Biden significantly narrow Trump’s lead. The two states are imperative for Trump in order to win in order to remain in the White House in 2021.Twitter has recently updated its policy regarding misinformation involving the election, and as of 2 p.m. ET Thursday, Trump had his Twitter account flagged eight times for misinformation.Trump also voiced his concerns via Twitter that ballots shouldn't be counted after Election Day and claims that he'll challenge states who declared Biden a winner for voter fraud. 2006