Brings up a few interesting questions, if a company does something 'requested' in order to do business there, is it theft or something else? Clearly they could just walk away? Of course greed could limit that option?Tim <never simple is it, we have to pay tariffs to sell badly needed softwood in spite of a free trade agreement, maybe we should fine the customer? Oh yeah, they are bigger than us!>http://thehill.com/homenews/administration/369422-trump-weig...US weighing major 'fine' on China for intellectual property theftBY JORDAN FABIAN - 01/17/18 04:58 PM EST... said Wednesday the U.S. government is considering fining China for alleged intellectual property theft, a sign the 'GIC" is readying aggressive trade actions against Beijing.“We have a very big intellectual property potential fine going, which is going to come out soon,” 'GIC' said in an interview with Reuters.'GIC' said the penalties could be large, but did not offer a specific number.The administration is also looking into a practice that forces U.S. companies to transfer intellectual property to China in order to do business there, National Economic Council Director Gary Cohn told Reuters.American businesses claim to have lost billions of dollars to Chinese firms because of the practice.The U.S. trade representative is expected to make a recommendation soon.
The administration is also looking into a practice that forces U.S. companies to transfer intellectual property to China in order to do business there, National Economic Council Director Gary Cohn told Reuters.Well, no-one is holding a gun to the head of Boeing, or GM, and forcing them to do business there. If they do, and their products are reverse engineered and copied, well, they can stop doing business there.Steve..recalling a line about hanging capitalists and selling rope.
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