ZEROHEDGE
Trump Set To Retaliate To China's "Unfair Trade Practices"
According to reports in the New York Times, Wall Street Journal and Associated Press,
the Trump administration is planning to use an obscure 1970s law
to launch a "broad-based" investigation
into whether China’s trade-related intellectual property policies constitute “unfair trade practices.
In the coming days, the US trade rep will launch a “Section 301” investigation
into China’s trade practices, named after a portion of the 1974 Trade Act.
Following the investigation, which could be completed in as little as a few months,
►the United States could impose steep tariffs on Chinese imports,
►and rescind licenses for Chinese companies to do business in the United States.
INTELLECTUAL PROPERTY FOCUS (instead of Trade imbalances and/or China gov't market intervention)
By focusing the investigation on intellectual property,
the administration is going to bat for business groups that have long griped about China’s penchant for stealing trade secrets.
Many cases are tantamount to extortion, as China demands companies essentially hand over their trade secrets
in exchange for access to the Chinese market.
“foreign companies have long complained over rampant piracy and technology theft by Chinese companies.”
A policy that allows China to steal technology from other companies and countries with impunity.
NO WTO BRO?
Trump administration officials have in the past favored a unilateral approach that circumvents the WTO
invoking Section 301 would be an implicit snub to the WTO
The US “energetically” invoked Section 301 to resolve trade disputes during the 1980s (notably before the birth of the WTO).
Reply With Quote
Originally Posted by Swordsmyth
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Connect With Us