The United States continues in its efforts to place pressure on China on opening up its markets. This pressure was in evidence in the agreement the U.S. had with Mexico and Canada. In that agreement, the U.S. added a provision allowing nations to exit deals with a “non-market country.” According to U.S. officials, China would be one of these non-market countries.
Chinese officials have a number of tools at their disposal to force American companies to turn over its intellectual property. Sometimes Chinese business partners will gain access to the technology. In other instances, the Chinese government itself can demand the turning over of trade secrets information.
As the United States continues to stand by a 10 percent tariff on imports from China, some industries are beginning to feel the effects.
There appears to be obvious misunderstandings between China and the United States concerning intellectual property protection. And concerning differences, many authorities do not believe that China will budge.
The United States continues to pressure China, and U.S. businesses could suffer as a result.
Not everyone is pessimistic about trade relations between the United States and China. While American companies in China will definitely face challenges, China may still tread lightly when it comes to disrupting business.