President Trump has made the economic relationship with China one of his main focuses. Now, GOP Senators are urging Trump to address the intellectual property theft committed by China.
According to Fox News:
Two senior Republican senators sent a letter to President Trump this week urging him to take a tougher stance against China on intellectual property theft and Chinese wireless companies’ refusal to pay licensing fees to U.S. technology developers.
Sens. Jim Inhofe, R-Okla., and Roger Wicker, R-Miss., argue that the Chinese companies’ failure to pay for licensing fees allows them to use “the billions of dollars they owe” to outpace both U.S. and European wireless companies in developing future wireless networks and standards.
“If Chinese companies are allowed to remove the profit incentive for standards-based wireless research with repercussions, we will soon face the globally undesirable reality that the only companies conducting this research will be those in non-market economies that do not share our values or have our best interest in mind,” the two Republican lawmakers said in the letter to Trump, which was obtained by Fox News.
“We must change the ability for Chinese companies to access the U.S. market while simultaneously eroding the ability of U.S. and other Western market-based companies to maintain their leading role in the research and development of advanced wireless technology,” the senators said.