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Indiaexportnews.com

Trump to launch WTO hostilities against China

  16.08.2017    

US President Donald Trump is expected to order US Trade Representative Robert Lighthizer to investigate Chinese intellectual property rules that force foreign investors to reveal valuable technologies.
The move, which comes as the US pushes China to act on North Korea, marks a significant turn in the Trump administration's approach to China and is bound to increase trade tension between the two countries, according to the Financial Times.
It is also likely to win backing from Congress and a large swath of the US business community that has long complained about Chinese IP rules.
The US president said he will sign an executive memorandum requesting Mr Lighthizer, to consider using a 1974 statute employed rarely since the 1990s creation of the World Trade Organisation, that allows the president to unilaterally impose tariffs against China over its IP practices.



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