Monday, October 28, 2019

USA MAY BLACKLIST SOME CHINESE COMPANIES

  Navarro’s team has explored the possibility of blacklisting Chinese companies that violate numerous U.S. copyright and patent laws by placing them on the Commerce Department’s “entity list,” according to the people familiar with the matter, who requested anonymity because they are not authorized to speak publicly.
    Getting on the list makes it difficult to operate in the United States without obtaining a special license. The entity list mainly includes companies that pose a military or terrorist threat to the United States, but the Trump administration has frequently argued that economic security is part of national security. 
   Intellectual property theft by China costs the U.S. economy up to $600 billion a year, according to a report last year by the U.S. Trade Representative. That figure includes everything from knockoff movies to cybertheft and China’s longtime requirement that U.S. firms partner with Chinese ones, a practice that often requires handing over business secrets to the Chinese.

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