Trump’s stringent Tariffs against China.
In May this year, United States President Donald Trump announced new stringent tariffs against the republic of China for allegedly acquiring U.S technologies and ideas unfairly. According to a report by United States Trade Representative, a body tasked with protecting United states intellectual property, this alleged theft has cost U.S anywhere between 200 million dollars to 600 billion dollars.
This new tariffs will be imposed on imports from china to a cost of about 50 billion. Intellectual Property allegedly stolen by China include trade secrets, counterfeiting popular brands and exerting pressure on enterprises to share technologies with China so as to sell their products in the Chinese market. According to U.S.T.R Intellectual property is anything created by the mind and includes but is not limited to brands, images, symbols, logos, designs and artistic and literary works. These IP are normally protected by trademarks, copyrights and talents to enable their creators to earn recognition for their work and garner financial rewards as well.
A lot of people and companies have expressed disappointment over the new sanctions against China. United States trade partners, economists and Republicans are a few among this number, their concern is that the sanctions could cause reprisals from China and the EU and result in bad trade relations and slower economic growth.
PROFESSOR KAMIL IDRIS BIO
Professor Kamil Idris (born on August 26, 1954) is a Sudanese statesman, scholar and Civil servant. Professor Kamil Idris served as the Director General of the World Intellectual Property Organization (WIPO) from November 1997 to September 2008. Before that he was head of the International Union for the Protection of New Varieties of Plants (UPOV)
Professor Kamil Idris holds a bachelor of law from Khartoum University, Sudan, in addition he holds a Bachelor of Arts in Philosophy, Political Science and Economic Theories from Cairo University, a Masters in International Law and International Affairs from Ohio University, United States, and a Doctorate in International Law from the Graduate Institute of International Studies, University of Geneva, Switzerland.
Furthermore Professor Kamil Idris was awarded an honorary doctorate of law by Franklin Pierce Law Center in 1999 and an honorary Doctor of Letters from Indira Gandhi National Open University in 2005.