The White House says it has strong evidence that China violates U.S. trade law to force companies to give the country their intellectual property, evidence it may use to impose as much as $60 billion in tariffs as early as Thursday.
“We do have very strong evidence that China uses foreign ownership restrictions such as joint venture requirements and foreign equity limitations to require or pressure technology transfers from U.S. companies to Chinese entities. We have strong evidence that China’s regime of technology regulations forces U.S. companies seeking to license technologies to Chinese entities to do so on non-market-based terms,” said an official with the U.S. Trade Representative’s Office who requested anonymity.
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