US plans trade mea­sures against China: Re­port

Muscat Daily - - BUSINESS -

New York, US - The United States is plan­ning to take trade mea­sures against China to force it to crack down on theft of in­tel­lec­tual prop­erty, The Wall Street Jour­nal re­ported late on Tues­day.

Pres­i­dent Don­ald Trump’s ad­min­is­tra­tion plans to in­voke a lit­tle used clause in US trade law that al­lows Amer­ica to probe whether China’s in­tel­lec­tu­al­prop­erty poli­cies con­sti­tute un­fair trade prac­tices, the pa­per said, quot­ing peo­ple fa­mil­iar with the mat­ter.

The ad­min­is­tra­tion wants Bei­jing to im­pose stiffer penal­ties on theft of in­tel­lec­tual prop­erty and ease obli­ga­tions that US firms hop­ing to en­ter the Chi­nese mar­ket share ad­vanced tech­nol­ogy, the Jour­nal said.

It said it is not known how long the ad­min­is­tra­tion will study the is­sue be­fore mak­ing a de­ci­sion.

The pa­per said of­fi­cials at one point had hinted an an­nounce­ment could come this week.

Trump and his Chi­nese coun­ter­part Xi Jin­ping seemed to get off to a good start when they met in Florida in April and agreed on a 100 day ac­tion plan.

This led to ex­ports of US beef to China for the first time since 2003. But in mid-July a day of trade talks led to noth­ing.

(AFP)

US Pres­i­dent Don­ald Trump

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