{"id":448,"date":"2018-03-21T16:10:36","date_gmt":"2018-03-21T16:10:36","guid":{"rendered":"https:\/\/omnilegalgroup.com\/blog\/?p=448"},"modified":"2019-01-18T17:59:52","modified_gmt":"2019-01-18T17:59:52","slug":"make-ip-great-again","status":"publish","type":"post","link":"https:\/\/omnilegalgroup.com\/blog\/make-ip-great-again\/","title":{"rendered":"Make IP Great Again"},"content":{"rendered":"<p><a href=\"https:\/\/omnilegalgroup.com\/blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-20-at-4.56.59-PM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-449\" src=\"https:\/\/omnilegalgroup.com\/blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-20-at-4.56.59-PM-150x150.png\" alt=\"\" width=\"177\" height=\"177\" \/><\/a><\/p>\n<p>In an initiative to punish China for persistent intellectual property theft and bolster the American economy through job creation, President Donald Trump is prepared to impose $60 billion per year in tariffs against over 100 Chinese products. Last August, President Trump ordered an investigation by the United States Trade Office into China\u2019s improper transfer of American technologies to Chinese companies. It has been estimated that intellectual property theft costs America upwards of $600 billion a year and China accounts for most of this loss. This theft not only harms economic growth but also costs Americans jobs, weakens our military capability, and undercuts innovation. Chinese IP theft has affected virtually every sector of the American economy including automobiles, chemicals, consumer electronics, pharmaceuticals. and biotechnology. This covers a wide array of activities including counterfeiting of American fashion designs, pirating movies and games, and stealing proprietary software. Of particular concern is China\u2019s targeting of America\u2019s defense system in which Chinese spies have gone after the United States\u2019 most powerful weapons. Those in opposition to the President\u2019s Section 301 tariffs cite the fact that, in 2017, China was the U.S.\u2019s largest trading partner in goods with exportation to China equating to roughly $130 billion and importation from China representing nearly four times this amount. If implemented, this tariff package would constitute the broadest set of punitive economic actions imposed by a modern U.S. President against China. Consistent with his \u201cAmerica First\u201d campaign, President Trump\u2019s plan will likely either lead to an all-out trade war or finally even the trade playing field for the U.S. #omnilegalgroup #intellectualproperty #POTUS #China<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an initiative to punish China for persistent intellectual property theft and bolster the American economy through job creation, President Donald Trump is prepared to impose $60 billion per year in tariffs against over 100 Chinese products. Last August, President Trump ordered an investigation by the United States Trade Office into China\u2019s improper transfer of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":3129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Make IP Great Again - Omni Legal Group Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/omnilegalgroup.com\/blog\/make-ip-great-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make IP Great Again - Omni Legal Group Blog\" \/>\n<meta property=\"og:description\" content=\"In an initiative to punish China for persistent intellectual property theft and bolster the American economy through job creation, President Donald Trump is prepared to impose $60 billion per year in tariffs against over 100 Chinese products. 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