Trump has threatened to strike back against China's retaliation to the United States tariffs that are due to take effect July 6 - potentially escalating the tariffs to $450 billion in Chinese goods.
Tensions over China's high-tech advance have been building for the past two years, due to Beijing's strategy of allowing Chinese companies to invest in United States and European technology firms, while restricting access to its own tech sector.
"The leaker either doesn't exist or know the subject very well".
Some administration officials are concerned that restricting Chinese investments on the grounds of a supposed national economic emergency could rattle the US stock market or trigger reprisals against USA firms operating in China, they said.
Jim Mattis arrived Tuesday in Beijing on the first China visit by a USA defense secretary in four years, as the Trump administration moves to push back against the country's growing economic and military influence.
CFIUS could become more powerful in the near future.
A survey released last week by the European Union Chamber of Commerce in China showed that a slim majority of members thought foreign-invested companies are treated unfairly, and nearly two-thirds see a lack of reciprocity between the access to China's markets that they get, and the access Chinese companies get to Europe.
United States officials have highlighted Beijing's "Made in China 2025" industrial development plan as a source of concern since they say it is a map for dominating key high tech industries from space to telecommunications to robotics to electric cars.
Brazil’s win against Costa Rica turns Neymar and Tweeple emotional
With one minute of it played, Coutinho broke the deadlock when he fired in after substitute Firmino and Jesus had combined. Petersburg, Russia, Friday, June 22, 2018. "I'm not going to take that away from anybody".
The almost $50 billion in Chinese goods threatened with 25 percent U.S. tariffs were drawn largely from these high tech sectors. Cohn, a former president of Goldman Sachs Group Inc., warned this month that trade disputes could wipe out the benefits of Republican tax cuts passed in December.
"I think the way to address issues between our two nations is to first establish a transparent strategic dialogue: how do the Chinese see the relationship with us developing, how we see it developing", he said.
"There are serious structural concerns about Chinese practices that can not be resolved without trust between the negotiating partners" and that trust is eroding in the current confrontation, he told AFP.
A formation of Chinese warships has been holding daily combat drills for more than a week in waters near Taiwan, China's state media said on Tuesday, amid heightened tension between Beijing and the self-ruled island.
A somewhat lesser known aspect of Trump's tariff crusade, washing machines and solar panel imports were hit with US$1.8bn and US$8.5bn in duties in January after a report by the US International Trade Commission found that imports of these goods had caused injury to US producers of the targeted products.
The national emergency law, called the International Emergency Economic Powers Act of 1977, will target prospective investments, meaning existing ones can not be undone, according to four of the people.
That means "massively expanding the role of government" in the economy using national security as the justification, he added.
The next stage of trade escalation comes after some White House officials gauged the possibility of a visit by high-level Chinese officials before the first set of tariffs will go into effect early next month. Click any of these buttons below!