(Christine Wang – CNBC)
President Donald Trump’s speech targeting China’s intellectual property and trade practices has been postponed, sources told CNBC.
People close to the event said it has been postponed with no explanation given and no reschedule date provided.
On Wednesday, senior White House officials confirmed to CNBC that the president was set to criticize Beijing’s practices and sign a memo asking U.S. Trade Representative Robert Lighthizer to look into the matter.
Reuters previously reported, citing sources, that Lighthizer would initiate an investigation under the Trade Act of 1974’s Section 301, which allows the president to unilaterally impose tariffs or other trade restrictions to protect U.S. industries. Click here to read more.