The acid test for China as it comes of age
On March 22, US President Donald Trump announced three measures in response to an "investigation" into China's intellectual property rights violations under Section 301 of the Trade Act of 1974. The US administration claimed that China's actions, policies and practices related to technology transfer, intellectual property and innovation, which had harmed US businesses. The three measures are:
* Tariffs: The US Trade Representative will publish a proposed list of products and any tariff increase within 15 days. After 30 days of notice and comment, the USTR will issue the final list of products under the particular tariff increase.
* WTO complaint: The USTR will pursue dispute settlement in the World Trade Organization to address China's discriminatory technology licensing policies and practices.
