GOP Senators Want Trump to Focus on China’s Intellectual Property Theft

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.

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“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.

Many Chinese firms have grown by using patent-protected tech without paying the proper royalties for doing so. GOP Senators want Trump to make them pay.
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ABUTOM
9 months ago

TRUMP ONLY HAS THE AMERICAN PEOPLE. THE COMMUNIST DEMOCRATS AND RINO RATS HATE HIS AMERICAN LOVING GUTS.

Lea
Lea
9 months ago
Reply to  ABUTOM

I have to agree with you. It’s pretty difficult to take care of business, with Traitors breathing down your neck.

Djea3
Djea3
9 months ago

The real issue is Bill Clinton. He signed the agreements that sent manufacturing to China and man other countries. He specifically bypassed the need to pay royalties when he did this. Any Technology that is manufactured there is released to be used by the Chinese in accordance with BILL Clinton’s signature.
The People and Shareholders of this country MUST begin to read and study and understand. Any vote for any democrat is a vote to deplete your assets, seize them for use of others, and diminish your wealth.

Manny Martinez
Manny Martinez
9 months ago

Many Americans has no idea what “Freedom” is. “Socialism” is setting in a fast pace in This unique and formidable country called America is the last Bastion of Freedom. AS SOON as this grandiose Nation fall into Socialism you can kiss Liberty good-bye’
In socialism NOTHING is FREE, but pain, misery and death.
“Freedom is a priceless jewel, once lost would take an incredible amass of martyrdom to seek its return; leaving behind a sea of blood”

Alan C Carter
Alan C Carter
9 months ago

Lenin once said,” Socialism is the first step to Communism.” I for one will not idly stand by and watch our nation become another Venezuela then a Cuba, Which is what Sanders and Warren want it to become. Sanders is a none Communist, Warren is an idiot.