US threatens new trade curbs on China over IP abuse

The Trump administration plans to use new targeted tariffs to apply “maximum pressure” on China to stop it stealing the intellectual property of American business, according to the top US trade official. Business groups remain sceptical of the Trump administration’s plans, though many acknowledge that it is trying to tackle legitimate concerns. “It’s unclear right now what the strategy is for using tariffs in this case,” said Erin Ennis, senior vice-president for the US-China Business Council. “Companies want to see the problems that are identified in the case addressed . . . It’s just not clear how tariffs get you to fix that problem.”