Trump tries to stem coun­ter­feit goods traf­fick­ing

The Tribune (SLO) - - Business -

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.

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