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U.S. Launches WTO Complaint, Accuses China of Stealing Patents

Posted March 23, 2018

Under Economic Issues, International Trade Issues

(Jonathan Ernst – Reuters)

The United States launched a complaint against China at the World Trade Organization on Friday, part of a package of trade measures announced by President Donald Trump on Thursday over China’s alleged theft of U.S. intellectual property.

A presidential memorandum signed by Trump will target up to $60-billion in Chinese goods with tariffs, but only after a 30-day consultation period that starts once a list is published.

The WTO complaint was widely expected as the tariffs come under a U.S. law which requires a simultaneous legal challenge at the global trade body.

China, which dismisses Trump’s allegations, has said it is ready to retaliate against U.S. imports. Click here to read more.