USA accuses China of stealing patents in WTO complaint

26 March, 2018, 02:17 | Author: Diane Mills
  • How much has US lost from China's IP theft?

Shipping containers await handling at the Yangshan Deep Water Port in Shanghai.

China announced a $3 billion list of US goods including pork, apples and steel pipe on Friday that it said may be hit with higher tariffs in a spiraling trade dispute with President Donald Trump that companies and investors worry could depress global commerce.

The US imports billions more goods from China each year than it exports, creating a deficit of about $375bn last year - which is what Mr Trump has railed against.

"China does not want to fight a trade war, but it is absolutely not afraid of a trade war", the commerce ministry said.

Fears of a trade war have sent jitters through global markets.

The United States has long said that intellectual property theft has cost the USA economy billions of dollars in revenue and thousands of jobs.

The United States had a record $375.2 billion goods trade deficit with China past year.

Pauline Loong: China will do its best to try and defuse the situation, China doesn't want to hit back, it wants markets.

As Beijing and Washington exchange barbs that threaten a potential trade war, health-conscious Chinese shoppers are beginning to fret over what this could mean for their pockets: a potential jump in prices for US-grown cherries and pistachios.

Before signing the measure, Trump lamented the US' multi-hundred billion dollar trade deficit with China and said the action would be "the first of many".

"I don't think unilateral tariffs imposed by the United States, not even in collaboration with its closest allies in Western Europe, are going to force China to make these drastic changes to its industrial structures".

The sectors most rattled by news of the tariffs, which could be as high as 25 percent, are the aerospace, information/communication technology, and machinery industries.

Washington has long accused Beijing of forcing United States companies to turn over proprietary commercial information and intellectual property as a condition of operating in China.

More news: Who is John Bolton, the new national security adviser?

The list announced Friday was linked to Trump's steel and aluminium tariffs, but companies already were looking ahead to a battle over complaints that Beijing steals or forces companies to hand over technology.

Chinese Premier Li Keqiang urged Trump on Tuesday to not act "emotionally", but the impulsive president is showing no sign of backing down.

The US claims under the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) relate to China's discrimination against foreign intellectual property rights holders (Article 3) and failure to ensure patent rights for foreign patent holders (Article 28).

Low-priced manufacturing in mainland China has enabled USA technology brands to take the global market by storm and rake in massive profits, said an executive at a Chinese unit of Hon Hai, also known as Foxconn. That leaves Beijing room to take more drastic steps.

If Beijing feels it is necessary, another group of American-made goods would then draw 25 per cent tariffs, including pork, which is a lucrative slice of USA exports to China.

Following Mr Trump's move, China said it was planning to retaliate with its own set of proposed tariffs worth $3bn, including tariffs on groceries and aluminium scrap.

Washington doesn't believe it needs to give Chinese leaders another list of requests because they already know what the United States wants, said a senior U.S. official.

One of the most recent high profile examples of theft of USA intellectual property happened earlier this year.

"The Trump administration's decision to go down this path is illustrative that previous strategies have not borne the hoped-for fruit".

US Trade Representative Robert Lighthizer recently put a separate proposed package of $30 billion in tariffs on Chinese imports on the president's desk.

The new order will see a 25 percent tariff on imports of steel and a 10 percent tariff on aluminium.

Chinese purchases of those goods a year ago totalled $3 billion, the ministry said.

The report states that China restricts USA companies from investing in China and forces technology transfers from U.S. companies to Chinese entities.


  • Match-by-match: 2018 WGC-Dell Technologies, Day 5

    Thomas won three straight holes to start the back nine, made a 6-foot par putt to stay in control and closed out Stanley, 2-and-1. In the championship match, he won the first five holes against Kisner, who didn't make a birdie until the 11th hole.
    Trump reinstates ban on most transgenders from serving in military

    Trump reinstates ban on most transgenders from serving in military

    Anywhere between 4,000 and 10,000 transgender people are now serving as active-duty and reserve service members. Almost two-thirds (64%) of the public favor allowing transgender people to serve, while 30% oppose.
    Virat Kohli Opts for County Stint Before India's Tour of England

    Virat Kohli Opts for County Stint Before India's Tour of England

    India and England will lock horns in the first Test at Birmingham after the completion of the T20I and ODI series. Kohli had dropped hints of playing in the county cricket after the Chennai Test against England in 2016.
  • Woman arrested after allegedly attacking husband for forgetting anniversary

    Woman arrested after allegedly attacking husband for forgetting anniversary

    The incident happened on March 10, local police confirmed on Thursday, according to Hindustan Times . The woman was badly injured and filed a complaint against her husband a week after the beating.
    Volunteers risk sharks in effort to save more than 130 beached whales

    Volunteers risk sharks in effort to save more than 130 beached whales

    It is not known why the whales washed up on the beach, but it is thought they were following subtropical waters around the coast. The short-finned pilot whales were spotted Friday morning on the coastline of Hamelin Bay, about 160 miles south of Perth.
    This Senior White House Official Sounds Like a Child Impersonating a Cop

    This Senior White House Official Sounds Like a Child Impersonating a Cop

    Only individuals at the very highest levels of the administration would have known about the details of the call. Some lawmakers are now criticizing the president for not bringing up that issue during his call with Putin.
  • Karen McDougal Discusses Alleged Affair With Donald Trump

    Karen McDougal Discusses Alleged Affair With Donald Trump

    McDougal , who said she cried in the auto ride home, added, "It hurt me that he saw me in that light". McDougal added that she did not think it was odd for Trump to brag about his daughter.
    Australian GP: Daniel Ricciardo slapped with grid penalty

    Australian GP: Daniel Ricciardo slapped with grid penalty

    Ricciardo had been reported to the race stewards for going too fast under the red flag conditions midway through FP2. Saturday's Formula 1 action is due to start at 2pm, with a 60-minute third practice session.
    Russia Helped Launch Venezuela Cryptocurrency To Undermine US Sanctions

    Russia Helped Launch Venezuela Cryptocurrency To Undermine US Sanctions

    U.S. calls the digital currency an attempt by the Venezuelan government to "circumvent United States sanctions". Other countries subject to US sanctions are now considering launching their own crypto-currencies.
  • Life goes on, says Djokovic after Miami Open exit

    Life goes on, says Djokovic after Miami Open exit

    Federer is favourite to win the Miami Open, while Nadal is missing the tournament in an attempt to regain his own fitness. Serving in the first set, Djokovic had an opportunity to reach 5-5, but lost five consecutive points and the set.
    All you need to know about Rajya Sabha election 2018

    All you need to know about Rajya Sabha election 2018

    The elections are being held to fill the vacancies arising out of the retirement of 58 members of the upper house next month. There were 11 candidates for the 10 Rajya Sabha seats and 37 first preference votes were required for victory in each seat.
    Toys R Us Liquidation Sale

    Toys R Us Liquidation Sale

    However, as headlines increased from several news outlets and social media was set ablaze, the Florence employees began to wonder. The iconic toy retailer Toys "R" Us is having a liquidation sale after it announced closures of all its USA locations.


Reasons Why, Season 2 Will Issue a Warning Before Each Episode
The study also showed that parents agreed that the show brought up important topics, but they wanted more resources added. Ellen Wartella, included the opinion that there is area for improvement when dealing with such topics in entertainment.

Trump signs spending bill after threatening veto over immigration
Trump, meanwhile, spoke with advisers, including Defense Secretary Jim Mattis, a supporter of the defense increases in the bill. The spending measure averts a government shutdown that would have begun at midnight if a funding plan had not been in place.

Justin Bieber Isn't Letting a Car Accident Damper His Mood!
Selena has worn his clothing plenty of times in the past so seeing Baskin doing the same thing has to be killing her. Since his Purpose World Tour wrapped, Justin Bieber has had more opportunities to see concerts than to headline them.

British Columbians support Earth Hour, but participation on the decline
National capital city, Delhi will join a billion people across the globe to observe Earth Hour on March 24. That's only 15% of the energy savings recorded in the first event in 2008.

Lawmakers Near Spending Compromise to Avoid US Government Shutdown
The surprise threat also threatened to undermine future efforts by White House staff tasked with negotiating on Trump's behalf. The bill does not contain steps to protect young Dreamer immigrants from being deported.

Your 'hidden' iPhone notifications can be outed by blabbermouth Siri
But if you use an alternative email app like Gmail, Siri will include those in the notifications it's willing to read. So till this bug is active, Siri can read out all notifications on the iPhone X even without the owner's permission.

Syria: Second evacuation deal reached in Eastern Ghouta
The United Nations estimates more than 50,000 people have left besieged areas of eastern Ghouta in the past nearly two weeks. Office for the Coordination of Humanitarian Affairs (OCHA), during a news conference in Geneva.

Sacramento police killing of unarmed man sparks 2nd day of protests
At other points, protesters surrounded Sacramento police officers and delayed public transportation. "We never said he had a gun". Hundreds of people rallied for Stephon Clark , a 22-year-old who was shot Sunday in the backyard of his grandparents' home .

Turkey condemns terrorist attacks in France
Reuters reports that Mayor Eric Menassi told LCI TV that the man had entered the store yelling, "Allahu Akbar, I'll kill you all". The unidentified young man was arrested overnight over alleged criminal association in relation with a terrorist enterprise.

MS sends first ever woman to Congress (yes, it's 2018)
Once appointed, Hyde-Smith will immediately be running for re-election for the almost three years remaining in Cochran's term. The victor of that race will then serve out the remainder of Cochran's term through January 2021, MS election law dictates.