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China state media says U.S. trade probe will hurt both countries

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A decision by the United States to investigate China's trade practices is a unilateralist "baring of fangs" that will hurt both sides, China's state news agency Xinhua said on Tuesday. President Donald Trump on Monday authorized an inquiry into China's alleged theft of intellectual property that administration officials said could have cost the United States as much as $600 billion. U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China's trade policies on intellectual property, which the White House and U.S. industry lobby groups say are harming U.S. businesses and jobs. The investigation is likely to cast a shadow over U.S. relations with China, its largest trading partner, just as Trump is asking Beijing to put more pressure on North Korea to give up its nuclear program.

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