Trump tries to stem counterfeit goods trafficking
President Donald Trump signed a memorandum on Wednesday to rein in what the administration calls the “Wild West” of online trafficking in counterfeit goods. It is aimed at stopping the sale of counterfeit products on sites like Amazon, eBay and China’s e-commerce leader, Alibaba.
In a statement released Wednesday, Amazon said that it “strictly prohibits” the sale of counterfeit products and welcomes more coordinated support from law enforcement to stem the problem. Amazon said that last year it spent more than $400 million fighting counterfeits, fraud and other forms of abuse.