By Robert Schroeder, MarketWatch
President Donald Trump on Tuesday turned up fresh pressure on China over trade with the U.S., as he vowed to “take a look” into allegations that Google’s work with Beijing is treasonous.
CHINA TRADE AND GOOGLE
Trump addressed China on two fronts, saying during a cabinet meeting at the White House that there’s a “long way to go” on a trade pact with Beijing, and tweeting that his administration would look into concerns raised by investor Peter Thiel about Google’s /zigman2/quotes/205453964/composite GOOG -0.71% /zigman2/quotes/202490156/composite GOOGL -0.79% relationship to the Chinese government.
The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.12% snapped a four-day winning streak following Trump’s trade remarks, during which he also raised the threat of tariffs on an extra $325 billion of Chinese goods “if we want.”
Trump’s Google comment came after Facebook /zigman2/quotes/205064656/composite FB -0.02% board member Thiel, during a Fox News program, doubled down on intimations that Google should be investigated by the Federal Bureau of Investigation and the Central Intelligence Agency for working for foreign operatives. He didn’t provide evidence.
A Google spokeswoman told MarketWatch in a statement: “As we have said before, we do not work with the Chinese military. We are working with the U.S. government, including the Department of Defense, in many areas including cybersecurity, recruiting and health care.”
NO ‘RACIST BONE IN MY BODY’
As the House of Representatives planned a Tuesday evening vote condemning Trump’s comments about four congresswomen , Trump said over Twitter that prior tweets of his “were NOT Racist.” The president added, “I don’t have a Racist bone in my body! The so-called vote to be taken is a Democrat con game.”
The House resolution is in response to comments by Trump that began on Sunday, when he tweeted four Democrats should “go back” to “the crime infested places from which they came.” The Democrats are Reps. Alexandria Ocasio-Cortez of New York, Ilhan Omar of Minnesota, Ayanna Pressley of Massachusetts and Rashida Tlaib of Michigan. All but Omar were born in the U.S. Omar is a naturalized citizen from Somalia.
The congresswomen fired back at Trump in a Monday evening news conference, and some Republicans have condemned his comments as well. “That’s not something I would say, and I think it’s divisive, unnecessary and wrong,” Ohio Sen. Rob Portman told CNN .