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Trade war escalates? Trump considering big 'fine' on China for IPR theft

Trump said the damages could be high, without elaborating on how the numbers were reached

Donald Trump


US President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China. In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced US companies to transfer their intellectual property to China as a cost of doing business there. The United States has started a trade investigation into the issue, and Cohn said the United States Trade ...

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First Published: Thu, January 18 2018. 16:42 IST