U.S. formally launches probe of China's intellectual property practices

WASHINGTON (Reuters) - The United States on Friday formally launched an investigation into China's alleged theft of U.S. intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether one was needed.

“After consulting with stakeholders and other government agencies, I have determined that these critical issues merit a thorough investigation," U.S. Trade Representative Robert Lighthizer, the nation's top trade negotiator, said in a statement.