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China responds stiffly to US threat to probe its IP practices and rules
US PRESIDENT Donald Trump's probe into how China handles intellectual property has prompted Beijing to say it "will resort to all proper measures" to defend its lawful rights if the US disregards multilateral rules and hurts bilateral trade ties.
"The US should cherish the current good trade ties and rapport with China, and any protectionist move will certainly damage bilateral economic relations and hurt the business interests of companies in both countries," said China's Ministry of Commerce in a statement.
The memo Trump signed Monday directs US Trade Representative Robert Lighthizer to consider investigating China's intellectual property policies, especially the practice of forcing US companies operating there to transfer technological know-how.
If China is found to be flouting the rules on US intellectual property, the administration has a range of options, including imposing import tariffs, according to administration officials, who spoke to reporters Saturday on the condition of anonymity.
"It's my duty and responsibility to protect the American workers' technology and industry from unfair and abusive actions," President Trump said at the White House.
"The US should cherish the current good trade ties and rapport with China, and any protectionist move will certainly damage bilateral economic relations and hurt the business interests of companies in both countries," said China's Ministry of Commerce in a statement.
The memo Trump signed Monday directs US Trade Representative Robert Lighthizer to consider investigating China's intellectual property policies, especially the practice of forcing US companies operating there to transfer technological know-how.
If China is found to be flouting the rules on US intellectual property, the administration has a range of options, including imposing import tariffs, according to administration officials, who spoke to reporters Saturday on the condition of anonymity.
"It's my duty and responsibility to protect the American workers' technology and industry from unfair and abusive actions," President Trump said at the White House.
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