In March of this year President Donald Trump announced that there would be higher tariffs on trade with China. This would mean imports from China would be imposed a higher tariff tax. The reason being is that they are stealing American intellectual property.
When a country steals intellectual property from another country, it can be devastating to the property owner. It can cost companies a great deal of money. This is what is happening when China is stealing the intellectual property of an American companies and creating piracy. There will be a 25% tariff on imports of steel, and a 10% tariff on imports of aluminum. These are not the only tariffs the president imposes.
Intellectual property refers to things that are created or produced by a somebody else’s mind. This can be anything from brands, designs, literary works, inventions, and more. There are laws protecting intellectual property in the United States and around the world.
The reason for these tariffs is not anything short of the losses that the corporate revenues and other persons who lost their intellectual property during this trade war. There was an investigation into China and how they are stealing intellectual property from the United States businesses and other brands. It was determined that China is stealing, and they have stolen approximately 50 billion dollars worth of intellectual property. So, the tariffs are two compensate for the losses by the businesses of their intellectual property.
Kamil Idris is a law professor in Sudan. He served as the Director general of the World Intellectual Property Organization from 1997 until 2008. Professor Idris is the author of several books. He is an outstanding member of society and Sudan.
Mr. Idris does not specify where he went to school, or where he has worked other than being the director-general of the World Intellectual Property Organization. Professor Kamil Idris is a distinguished professor, a columnist, and an author. He has won the respect of many people in his field.