Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

US Launches Formal Trade Investigation Into China

"On Monday, President Trump instructed me to look into Chinese laws, policies, and practices which may be harming American intellectual property rights, innovation, or technology development," US Trade Representative Robert Lighthizer said in a statement.

PTI

Updated:August 19, 2017, 9:23 AM IST
facebookTwitterskypewhatsapp
US Launches Formal Trade Investigation Into China
File photo of Donald Trump. (Reuters)

Washington: The United States on Friday formally launched a trade investigation into China's intellectual property practices and forced transfer of American technology, which President Donald Trump had called for this week.

"On Monday, President Trump instructed me to look into Chinese laws, policies, and practices which may be harming American intellectual property rights, innovation, or technology development," US Trade Representative Robert Lighthizer said in a statement.

"After consulting with stakeholders and other government agencies, I have determined that these critical issues merit a thorough investigation."

Foreign companies have long complained about Beijing's failure to protect know-how and patents, and in some cases forcing firms to share information with domestic partners as the price for doing business in the massive Chinese market.

But they also have been timid about pressing too hard for their governments to take action, for fear of losing access to China.

But "Washington will turn a blind eye no longer," Trump insisted on Monday.

"We will safeguard the copyrights, patents, trademarks, trade secrets and other intellectual property that is so vital to our security and to our prosperity," he said.

America, he added, will no longer tolerate Beijing's "theft" of US industrial secrets.

Lighthizer is launching the investigation under Section 301 of US trade law, which addresses intellectual property.

Beijing this week fired back, warning that "everybody will lose" in the event of a trade war between the world's two largest economies.

The United States is China's second-largest trading partner after the European Union, and had a deficit of nearly $310 billion last year.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Aditya Nair
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results