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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 cited a parody news website as evidence of tech company bias amid a Friday morning tweetstorm.Trump tweeted an article from The Babylon Bee, a parody news website with a conservative slant. The publication's Twitter bio dubs itself "fake news you can trust."The story claimed that Twitter shut down its entire network on Thursday to "slow the spread of negative Biden news.""Wow, this has never been done in history," Trump tweeted. "This includes his really bad interview last night. Why is Twitter doing this. Bringing more attention to Sleepy Joe & Big T" 593

President Donald Trump and his Canadian and Mexican counterparts signed a replacement NAFTA deal on Friday during a ceremony on the sidelines of the G20 summit.The ceremonial signing does not mean the United-States-Mexico-Canada Agreement -- the USMCA, as it has been rebranded -- will now go into effect. The deal still needs to win congressional approval in Washington, where key members of both political parties have already expressed significant concerns."I don't expect to have much of a problem," Trump said during the ceremony.The signing ceremony in and of itself represented a political victory for Trump, who has been eager to mark the deal with a formal photo opportunity alongside Canadian Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pe?a Nieto. It was not clear until just a day earlier that the ceremony would go through amid ongoing Canadian protests over US-imposed steel and aluminum tariffs.Top US officials were on hand for the signing ceremony, including Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin, national security adviser John Bolton and the President's daughter Ivanka Trump and son-in-law Jared Kushner.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1281

President Donald Trump cited a parody news website as evidence of tech company bias amid a Friday morning tweetstorm.Trump tweeted an article from The Babylon Bee, a parody news website with a conservative slant. The publication's Twitter bio dubs itself "fake news you can trust."The story claimed that Twitter shut down its entire network on Thursday to "slow the spread of negative Biden news.""Wow, this has never been done in history," Trump tweeted. "This includes his really bad interview last night. Why is Twitter doing this. Bringing more attention to Sleepy Joe & Big T" 593

President Donald Trump bemoaned a decision not to investigate Hillary Clinton after the 2016 presidential election, decrying a "rigged system" that still doesn't have the "right people" in place to fix it, during a freewheeling speech to Republican donors in Florida on Saturday.In the closed-door remarks, a recording of which was obtained by CNN, Trump also praised China's President Xi Jinping for recently consolidating power and extending his potential tenure, musing he wouldn't mind making such a maneuver himself."He's now president for life. President for life. And he's great," Trump said. "And look, he was able to do that. I think it's great. Maybe we'll give that a shot some day."The remarks, delivered inside the ballroom at his Mar-a-Lago estate during a lunch and fundraiser, were upbeat, lengthy, and peppered with jokes and laughter. But Trump's words reflected his deeply felt resentment that his actions during the 2016 campaign remain under scrutiny while those of his former rival, Hillary Clinton, do not."I'm telling you, it's a rigged system folks," Trump said. "I've been saying that for a long time. It's a rigged system. And we don't have the right people in there yet. We have a lot of great people, but certain things, we don't have the right people."Trump has repeatedly said that his attorney general, Jeff Sessions, should launch investigations into Clinton, and has continued to lambast Sessions on Twitter for not taking what he views as appropriate steps to probe Clinton's actions involving her private email server.The stewing anger with Sessions has soured Trump's mood over the past week, including on Wednesday evening, when he fumed inside the White House over his attorney general's decision to release a statement defending himself after Trump chastised his approach to an investigation into alleged surveillance abuses as "DISGRACEFUL" on Twitter.The episode was just one irritant in a long series of upsetting moments for Trump this week. Morale at the White House has dropped to new lows, and Trump himself has seethed at the negative headlines.On Saturday, among donors gathered in the grand ballroom named for himself at Mar-a-Lago, Trump pondered the happiness of his former rival, wondering aloud whether she was enjoying life after the campaign."Is Hillary a happy person? Do you think she's happy?" he said. "When she goes home at night, does she say, 'What a great life?' I don't think so. You never know. I hope she's happy."Elsewhere in his remarks, Trump went after former President George W. Bush for his decision to invade Iraq after faulty intelligence indicated the country had weapons of mass destruction."Here we are, like the dummies of the world, because we had bad politicians running our country for a long time," he said.Trump called the Iraq invasion "the single worst decision ever made" and said it amounted to "throwing a big fat brick into a hornet's nest.""That was Bush. Another real genius. That was Bush," Trump said sarcastically. "That turned out to be wonderful intelligence. Great intelligence agency there."Trump has previously cited the WMD failure to go after US intelligence agencies, bringing up the error as a reason to doubt the same agencies conclusions' that Russia meddled in the 2016 election.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3390