Trump warned in an interview with Reuters on Wednesday of potentially “big damages” against China as a result of the intellectual property inquiry under Section 301 of the Trade Act of 1974. US President Donald Trump and first lady Melania arrive for the state dinner with China's President Xi Jinping and China's first lady Peng Liyuan at the Great Hall of the People in Beijing, China, November 9, 2017. Meanwhile, China’s 2017 trade surplus with the United States reached an all-time high of $275.81 billion, Chinese Customs data showed last week. “Politically, the administration of President Donald Trump can’t afford to see China-US economic and trade ties become strained. China is more resilient to a trade war,” China’s state-run Global Times said on Sunday.

Source: Hindustan Times January 19, 2018 09:22 UTC