It’s known that Trump is preparing to impose a package of USD 60b in tariffs against China. It’s reported that the package would apply to over 100 products. These products are believed by Trump to use trade secretes stolen from US companies, or forced to hand over in exchange for market access. The theme appears to be consistent with Section 301 intellectual property theft investigation and actions. But no one knows how relevant is that until there a a published list of products. Trump is planning to announce the action by Friday.
China Premier Li Keqiang said today after a press conference that there is no forced transfer of technology. But he pledged that China will better protect intellectually property. Also, China will further open up the economy, lower import tariffs and allow foreign and domestic companies to compete on equal ground. China commerce ministry said that there is WTO ruling against tariffs directed only at them. And it urged the US to correct the abuse of trade measures. But the MOFCOM didn’t comment directly on the reported USD 60b tariff package.
