 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Washington (AFP) Aug 18, 2017
The United States on Friday formally launched a trade investigation into China's intellectual property practices and forced transfer of American technology, which President Donald Trump had called for this week. "On Monday, President Trump instructed me to look into Chinese laws, policies, and practices which may be harming American intellectual property rights, innovation, or technology development," US Trade Representative Robert Lighthizer said in a statement. "After consulting with stakeholders and other government agencies, I have determined that these critical issues merit a thorough investigation." Foreign companies have long complained about Beijing's failure to protect know-how and patents, and in some cases forcing firms to share information with domestic partners as the price for doing business in the massive Chinese market. But they also have been timid about pressing too hard for their governments to take action, for fear of losing access to China. But "Washington will turn a blind eye no longer," Trump insisted on Monday. "We will safeguard the copyrights, patents, trademarks, trade secrets and other intellectual property that is so vital to our security and to our prosperity," he said. America, he added, will no longer tolerate Beijing's "theft" of US industrial secrets. Lighthizer is launching the investigation under Section 301 of US trade law, which addresses intellectual property. Beijing this week fired back, warning that "everybody will lose" in the event of a trade war between the world's two largest economies. The United States is China's second-largest trading partner after the European Union, and had a deficit of nearly $310 billion last year.
US in 'economic war' with China, says Trump strategist BannonWashington (AFP) Aug 17, 2017 White House strategist Steve Bannon argued forcefully in an interview published Wednesday that the United States is in an "economic war" with China, and the confrontation with nuclear-armed North Korea is just "a sideshow." "To me the economic war with China is everything. And we have to be maniacally focused on that," he said in the interview with the American Prospect, a left-leaning websi ... read more Related Links Global Trade News
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
