CHINA/TRADE DEALS: “The Trump administration is planning trade measures to force Beijing to crack down on intellectual-property theft and ease requirements that American companies share advanced technologies to gain entry to the Chinese market.
The administration is considering invoking a little-used provision of U.S. trade law to investigate whether China’s intellectual-property policies constitute ‘unfair trade practices,’ according to people familiar with the matter.
That would pave the way for the U.S. to impose sanctions on Chinese exporters or to further restrict the transfer of advanced technology to Chinese firms or to U.S.-China joint ventures.
American business frustration with Chinese trade and market-access practices has mounted in recent years, with U.S. business groups urging the government to take a tougher trade line with China. Many organizations have complained that the Trump administration hasn’t pushed hard enough in areas like intellectual property, as it has focused more on Chinese manufacturing and China’s $347 billion trade surplus with the U.S. last year.
That discontent has intensified as China’s economy continued to expand and its computer and software sectors became bigger competitors internationally. Western firms fear China will use the regulations to bar foreign investments in areas that Beijing targets for investment, including semiconductors, advanced-machine tools and artificial intelligence.”
-Jacob M. Schlesinger and Bob Davis, “U.S. Plans Trade Measures Against China,” The Wall Street Journal online, Aug. 1, 2017 10:15am