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Law & Politics

Trump imposes 25 per cent tariffs on $50bn worth of Chinese goods; accuses Beijing of IP theft

The US wants China to stop practices that allegedly encourage transfer of intellectual property - design and product ideas - to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.

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“Horrifying” stat that counterfeit goods value will hit $2.8tn by 2022 “highlights risk to small brands as well as large”

The International Trademark Association issued a review yesterday highlighting that rising IP theft and pirating will see the value increase from the $1.3 trillion in 2013 to nearly $3 trillion in the next four years.

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