China bans coal, iron, lead, seafood imports from N. Korea

Trump White House to look into China's trade practices

Using trade as a bargaining chip in dealing with China will backfire on the USA, the English-language China Daily said yesterday.

Trump's memo comes amid heightened tensions between the US and North Korea and increasing frustration in the White House that China has not done more to rein in Pyongyang.

An administration official contended that the possible investigation was unrelated to the showdown with North Korea.

Despite Monday's expected action, Trump has so far refrained from making good on threats of retaliatory trade measures against China. Such an investigation easily could last a year.

Starting September 5th, China will no longer import North Korean coal, iron, lead, and fish.

While Beijing has promised to open more industries to foreign companies, it also has issued new rules on electric vehicle manufacturing, data security, internet censorship and other fields.

At the weekend, Trump administration officials previewing the move on condition of anonymity accused China of "stealing" United States industrial secrets, long a concern of major foreign corporations seeking a share of the huge Chinese market.

China on Monday warned of a possible trade war with the U.S. if Washington begins investigating alleged Chinese trade practices in bilateral commerce.

Toilet Ek Prem Katha collects decent money
Going by the numbers on Friday and Saturday, we expect the film to hit the Rs 50 crore mark by Sunday. The opening figures are less than Badrinath Ki Dukhaniya, Tubelight , and Jab Harry Met Sejal .

"If China helps us, I feel a lot differently toward trade", he said.

The Chinese announcement comes days after an increasingly aggressive rhetoric between Trump and North Korean leader Kim Jong-un.

The United Nations Security Council, including permanent member Beijing, approved tough sanctions against Pyongyang on August 6 that could cost the hermetic country $1 billion a year.

"After that, entry of these goods will be prohibited", said an agency statement.

Regional tensions have mushroomed in the past week as Trump warned North Korea it would face "fire and fury" if it attacked the United States while the North threatened to test-fire its missiles towards the U.S. Pacific island of Guam.

CHINA has appointed a new special envoy for the North Korean issue, the foreign ministry said yesterday, naming Assistant Foreign Minister Kong Xuanyou.

The war of words has sparked global concerns, with world leaders including Chinese President Xi Jinping urging calm on both sides in a phone call with Trump over the weekend. According to the Washington Post, Lighthizer will likely investigate China, which could result in the president receiving broad authority to punish what has been portrayed as an economic competitor overseas.

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