Tensions between the U.S. and China are about to ramp up…
In August, the United States Trade Representative (USTR) began its “301” investigation into whether China’s intellectual property rules and practices are unfairly disadvantaging U.S. firms.
(The investigation gets its name from Section 301 of the 1974 U.S. Trade Act, which authorizes the president to issue tariffs or introduce other measures to counteract unfair foreign trade practices.)
THE SOURCE OF DISAGREEMENTS
This gets a bit wonky… but sometimes it’s important to understand the finer details, in addition to the big picture. And this is one of those cases. I think that a trade war with China would be bad for everyone… and it’s important to understand why it might happen.