Not only the tax on steel and aluminum, but also the war between the United States and China could start. The Trump Administration started investigating the allegations of China's intellectual property theft in August. Recently US officials have indicated that new action may be taken soon. US Secretary of Commerce Wilbur Ross said that high technology will be the "new field of challenge" about trade with China.
US President Donald Trump said in an interview with Reuters recently that a major penalty for intellectual property may be imposed on China. Even in his State of the Union lecture the topic of IP address steal came.
William Rines, business expert at the Center for Strategic and International Studies in the US, said: "All administrations have different opportunities in hand, they can take extreme and moderate steps." He also worked in Bill Clinton's administration. "The difference is that this President is more interested in taking the final step," he said.
The fact is that China's intellectual property theft of US business entities has been the reason for the country's headache for a long time. There are economic reasons for this, there are also economic reasons. IP steals have sold fake products and pirated software.These companies lose US $ 22 billion and 60 billion dollars a year. This information was found in the report of the American Intellectual Property Criminal Commission's 2017 report. When China wants to take the economy down from low technology to high technology and wants to rebuild the economy, debate has begun.
Fellow Phil Levy of the Chicago Council on Global Affairs said, "China is becoming increasingly aware that it will not be possible to sustain and sustain low-priced products." This person was former US President George W. Bush's trade adviser.
In 2015, China expressed its desire to lead the technology sector in the state-owned industry 'Made in China 2025'. The issues they gave priority were the creation of electric cars and the first generation of the fifth generation mobile network. In addition, by 2030, they want to influence the artificial intelligence world. At the same time, they are increasing the capability to create computer chips.
To achieve this goal, China will have to increase the knowledge of art and technical knowledge. And that is why they are interested in acquiring intellectual property of another country.
In 2015, Chinese President C China Ping assured the then US President Barack Obama that China and the corporation would not steal confidential information, it was not such a big problem. Experts say that companies are now forced to hand over technology to China for business.
The matter is that those who want to do business in China have to work jointly with their local company. Due to this partnership, Chinese companies are getting many information from foreign companies, which would have been kept secret. Then, in 2017, China enacted a new law to put an end to the transfer of interbreeded information. This law is compulsory to preserve information locally. 80 percent of foreign companies said they are concerned about it. However, experts say, how far the trump is going to be to investigate this is not clear.
THANKS FOR READ MY POST...
keep Loving and keep supporting 