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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 is laying the groundwork for a new international trade battle -- this time over cars.Trump said in a statement late Wednesday that he has asked Commerce Secretary Wilbur Ross to consider investigating whether automobile imports are hurting US national security.The type of investigation Trump is suggesting, known as Section 232, is the same approach the White House took before it slapped tariffs on steel and aluminum imports earlier this year."Core industries such as automobiles and automotive parts are critical to our strength as a Nation," Trump said in a statement. He suggested the investigation should include cars, trucks and auto parts.The steel and aluminum tariffs angered US allies like the European Union and drew retaliatory measures from China.The US government has granted some key trading partners -- including the EU, Canada and Mexico -- temporary exemptions from the tariffs. 929

President Donald Trump falsely claimed Saturday that the New York Stock Exchange re-opened the day after the September 11, 2001, terrorist attacks in an effort to justify holding a rally on the same day that a mass shooting occurred at a synagogue in Pittsburgh.Speaking at a planned campaign rally in Illinois, Trump said he had weighed whether to cancel his rally as well as a speech at an agricultural convention earlier in the day in Indianapolis, Indiana, but ultimately decided against it, saying such a move would amount to giving the killer an edge. He compared his decision to continue with the rally to reopening the NYSE after the September 11 attacks, something that did not happen."And with what happened early today -- that horrible, horrible attack in Pittsburgh -- I was saying maybe I should cancel both this and that," Trump said, referring to the rally and his earlier appearance at the agricultural convention. "And then I said to myself, I remember Dick Grasso, a friend of mine, great guy. He headed up the New York Stock Exchange on September 11. And the New York Stock Exchange was open the following day. He said -- and what they had to do to open it you wouldn't believe. We won't even talk to you about it. But he got that exchange open." 1273

POWAY, Calif. (KGTV) - Law enforcement presence was increased at Poway High School Tuesday after the school was threatened via email.Sheriff deputies said a staff member received an email that one or more explosive devices were concealed on campus. Deputies and Harbor Police K-9 units searched the campus but did not find any devices. 343

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