In a move that would have broad implications for software, movies, music and pharmaceuticals, the U.S. said Thursday it may sue China as early as this fall for failing to protect intellectual property as required by trade agreements.
The U.S. would bring a trade case against China at the World Trade Organization for violating intellectual-property rights [IPR] protections, a U.S. trade official said at a Seattle conference. If China failed to comply, the U.S. could be allowed to put tariffs on goods it imports from China.
“We are discussing some WTO-related IPR concerns” with Chinese officials, said Timothy Stratford, assistant U.S. trade representative for China. “If those are not resolved by fall, it’s quite possible that we would have an IPR case.”
Discussions with China are focused on “very discrete issues,” regarding enforcement, Stratford said, declining to elaborate. “But they would have a broad impact” across the spectrum of intellectual property, from movies and music to software and patented drugs.
So this is like any one of us pissing off our banker!
Eventually the banker will get fed up with the nonsense and call in our loans.
The US government is betting a lot on economic clout it no longer enjoys.
Governments all over the world are making incremental moves at untangling their economies from the US dollar. This is being spearheaded by China with at least two separate trade agreements that bypass use of the US dollar as a trading currency…
How stupid….THEY can’t even stop piracy and now they are suing others with their own weaknesses.
What they truely want is the Chinese government to hang their people up by their toes torture them and then have members of the RIAA come and finish off the slaughter! Anything less than that will be unacceptable to the RIAA.
Their wishes can ALL come true in china!