FIRST AIRED: August 15, 2017

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Transcript

00:00:00
>> And this is just the beginning, I wanna tell you that.>> President Donald Trump, on Monday, setting the gears in motion that could lead to action against China for allegedly forcing US tech firms to turn over trade secrets as a cost of doing business.>> We will stand up to any country that unlawfully forces American companies to transfer their valuable technology as a condition of market access.
00:00:25
We will safeguard the copyrights, patents, trademarks, trade secrets and other intellectual property.>> But the review of China's trade tactics ordered by Trump, Monday, is still a long way from the steep tariffs he threatened to slap on China during the 2016 campaign. Reporter Ginger Gibson says it's part of an emerging pattern in which Trump's talk on China has so far been tougher than his actions.
00:00:50
>> He's not really fulfilled much of those campaign promises up to this point, declining to name China as a currency manipulator, Shelving what looked like was going to be an effort to maybe sanction or to put tariffs on aluminum and steel imports, to try to have set off some of the Chinese imbalance there.
00:01:06
Those things have not materialized, and they are not punishing China or doing anything to retaliate against them. It's mostly, at this point, just words.>> Under an order signed by Trump on Monday, U.S. Trade Representative, Robert Lighthizer will determine whether a full-fledged investigation of China is warranted. Even if a probe is launched, it could take another year before reaching the stage where Trump might hit China with tariffs.
00:01:32
Business leaders worrying such a move might touch off a global trade war. The move by Trump coming as he also pushes China to do more to reign in North Korea and it's accelerating nuclear arms program.>> It's possible that all of this is an effort to put pressure on China to get them to act on North Korea.
00:01:51
China and the North Koreans have the closest economic ties, But we know that Trump has said he's willing to be a little more forgiving with China on trade issues if they would help reign in the North Korean regime.>> But the White House is saying Monday's trade order and the North Korea issue were totally unrelated.
00:02:08
>> Suit yourself, sir.>> Thank you