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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 has reportedly asked the FDA to permit an untested herbal extract to be marketed as a dietary supplement and a potential cure for Covid-19, according to reporting by Axios.Housing and Urban Development Secretary Ben Carson and MyPillow founder and CEO Mike Lindell both support using oleander extract.Oleandrin is commonly used to treat heart conditions and asthma.Lindell, who is a vocal Trump supporter and personal friend, met with President Trump and Secretary Carson in July to tout the untested drug for use in coronavirus cases. President Trump vocalized support for the extract in the meeting, according to Axios.Lindell reportedly has a stake in Phoenix Biotechnology, the company that makes oleandrin.There is a small, non-peer-reviewed study that oleandrin inhibited coronavirus in test-tube experiments using monkey kidney cells.“I haven’t (pushed the FDA to approve it),” the president told reporters Monday morning when asked about oleandrin. When asked if it was something he would support, he responded, “Is it something that people are talking about very strongly? We’ll look at it, we’ll look at it. We’re looking at a lot of different things.” The president continued, “I’ve heard that name mentioned I’ll have to get back to you later.”In March, President Trump asked the FDA to authorize the emergency use of hydroxychloroquine to treat Covid-19. The FDA did, and then in June it revoked the authorization for its use because a large trial study found a “risk of heart rhythm problems” in patients treated with hydroxychloroquine. 1582

President Donald Trump on Thursday continued to claim millions of people voted illegally in the 2016 election, despite failing to produce evidence to support his repeated assertion. 189

President Donald Trump plans to take a victory lap Tuesday as the U.S. grows ever closer to approving two COVID-19 vaccine candidates for Emergency Use Authorization.Trump will appear live at the White House Tuesday at an "Operation Warp Speed Vaccine Summit," where senior administration officials say he will encourage Americans to get vaccinated when the drugs become available and thank operation leaders for their work in approving and delivering the vaccines.The pending authorization of vaccines made by Pfizer and Moderna marks a key turning point in the pandemic and offers a glimpse at a return to normalcy.Their approval also marks a medical miracle — the development of the drugs took less than a year, shattering the previous record of vaccine development by nearly three full years.But Trump's event is being held just hours after reports surfaced that his administration declined the opportunity to purchase an additional 100 million doses of Pfizer's vaccine candidate — a move that could further delay the U.S. push for herd immunity against COVID-19, as Pfizer must now fill substantial orders for vaccines from other countries.Trump plans to sign an executive order that will attempt to give the U.S. priority in getting vaccines ahead of other countries. However, the order does not appear to have legal teeth.When asked about the order on ABC's Good Morning America on Tuesday, Dr. Moncef Slaoui — Operation Warp Speed's chief vaccine adviser — said he could not explain the order and chose not to comment. 1535

President Donald Trump has discussed the possibility of granting pre-emptive pardons to his three oldest children, top adviser and son-in-law Jared Kushner and his personal lawyer, Rudy Giuliani, according to reports from the New York Times, ABC News and NBC News.The New York Times first reported the possibility that Trump could issue the pre-emptive pardons out of fear of politically-motivated investigations from the incoming Biden administration.None of those Trump is considering for a pardon have been formally charged with a crime, though all have been tangentially linked to various criminal investigations over the last four years.Donald Trump Jr. — the president's oldest son — was investigated by special counsel Robert Mueller for a meeting he took with Russian officials during his work with the Trump campaign ahead of the 2016 election.Kushner, the president's son-in-law, did not disclose contacts with some foreigners in applying for White House security clearance. Though it is a crime to provide incomplete information to federal investigators, President Trump granted Kushner unilateral security clearance.Eric Trump is currently serving as the executive vice president of development and acquisitions of the Trump Organization — which is currently under investigation by New York Attorney General Letitia James. In particular, James is investigating millions in tax write-offs for organization "consulting fees." The New York Times has reported that some of those funds went to Ivanka Trump, the president's oldest daughter.It's unclear how the president would issue a pre-emptive pardon for charges that have not been levied. Presidential pardons must be specific in scope. Legal expert H. Jefferson Powell told ABC News that "there is no entire get out of jail free card."ABC News also spoke to a Trump administration source who said the president has gotten an "insane" amount of calls about a pardon for the subject of the massively popular Netflix documentary "Tiger King"Joseph Maldonado-Passage's attorney, Eric Love, also told ABC News that he believes his client is "very close" to receiving a pardon.Maldonado-Passage, better known as "Joe Exotic," is currently serving 22 years in prison after his conviction in a murder-for-hire plot and selling tigers in violation of the Endangered Species Act. 2339