News Content
Trump to launch WTO hostilities against China over IP violations
US PRESIDENT Donald Trump is expected to order US Trade Representative Robert Lighthizer to investigate Chinese intellectual property rules that force foreign investors to reveal valuable technologies.
The move, which comes as the US pushes China to act on North Korea, marks a significant turn in the Trump administration's approach to China and is bound to increase trade tension between the two countries, according to the Financial Times.
It is also likely to win backing from Congress and a large swath of the US business community that has long complained about Chinese IP rules.
The US president said he will sign an executive memorandum requesting Mr Lighthizer, to consider using a 1974 statute employed rarely since the 1990s creation of the World Trade Organisation, that allows the president to unilaterally impose tariffs against China over its IP practices.
The move, which comes as the US pushes China to act on North Korea, marks a significant turn in the Trump administration's approach to China and is bound to increase trade tension between the two countries, according to the Financial Times.
It is also likely to win backing from Congress and a large swath of the US business community that has long complained about Chinese IP rules.
The US president said he will sign an executive memorandum requesting Mr Lighthizer, to consider using a 1974 statute employed rarely since the 1990s creation of the World Trade Organisation, that allows the president to unilaterally impose tariffs against China over its IP practices.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
