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Larry Kudlow on Technology

 

 


China tariffs to stop transfer of intellectual property

American retailers have opposed Trump's use of punitive tariffs, which are intended to force Beijing to ease restrictions on foreign companies operating in China and end rules that effectively force the transfer of foreign intellectual property to Chinese joint venture partners.

Trump and his closest advisers, including Larry Kudlow, the National Economic Council director, have disregarded warnings that tariffs will raise costs for US companies and consumers.

China was the "biggest culprit" in terms of doing damage to the global trading system, Kudlow said. "The reality is we cannot permit the theft of our intellectual property. We must strive for American ownership of American companies in China," he added.

"We are willing to talk with China any time if they are willing to move towards serious talks to remedy the trade problems," Kudlow said. Trump's negotiating team wants Chinese counterparts to "just say yes to a couple of things & then we can move ahead."

Source: South China Morning Post on 2018 Trump Administration , Sep 17, 2018

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