The United States are engaged in a trade war because both nations continues to dispute placed on goods traded among them. United States claimed that laws in China undermine intellectual property rights by forcing global firms to engage in joint ventures with Chinese companies, thus providing Chinese companies a permission and access and permission to use, copy, improve, or steal technologies of global firms. Moreover China fails to recognize legitimate copyrights and patents which discriminates against global imported technology, and has instituted many non -tariff hindrances causing insulation to various sectors in the economy of China from global competition. On contrary China opposes U.S. trade practices believing they represent protectionism and unilateralism; and U.S. is ignoring the rules of WTO and ignored the calls of its own industries for decreasing the tariffs
Get Answers For Free
Most questions answered within 1 hours.