After decades of artfully swindling American experts and businesses, the Chinese government is beginning to face a reckoning.
After decades of artfully swindling American experts and businesses, the Chinese government is beginning to face a reckoning. Last week, President Trump announced that tariffs in response to China’s systematic theft of U.S. intellectual property will commence on July 6th.
The levies of twenty-five percent will apply at first to $34 billion in Chinese imports, later expanding to $50 billion. That will only affect about ten percent of what America imports from China each year, but the move marks a fundamental turning point. At long last, something is being done about trade and intellectual property theft by China.