August 15, 2017

US President Donald Trump signed a memorandum Monday that directs US trade representative Robert Lighthizer to investigate whether China is involved in forcing foreign companies to transfer technology in exchange for being allowed access to the Chinese market and whether China stole US intellectual property rights. Trump said this is "a very big move" and "just the beginning."

It is believed that Trump would provoke China over trade issue sooner or later. Trump attaches great importance to the domestic economy and he stubbornly believes that the biggest domestic woe is caused by external economies such as China. During his campaign, he made the electorate believe he could easily solve this issue, and now it is time to fulfill his promises.

The US economy is highly marketized. The distribution and the pattern of international industries in this globalized era are decided by the market. A US president has no ability to adjust the global industrial pattern at will. Trump, six months into his presidency, should already understand the limits of his administration.

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