China Warns of Retribution on Possible Tariffs Involving Intellectual Property Violations

China’s ambassador to the U.S Cui Tiankai has warned his government is ready to hit back just as hard on trade when President Donald Trump announces the details of further action on intellectual property violations, reports Newsweek. Tiankai said if another round of tariffs or similar action is taken by Trump on intellectual property, then China “will certainly take countermeasures of the same proportion and the same scale, same intensity." “For the protection of intellectual property rights, China has been strengthening its efforts, strengthening our legal system, on this particular issue,” Tiankai told Chinese state-run television channel CGTN. “And we are making good progress. We are ready to look at the specific cases if there is any violation of the intellectual property rights ... by whoever. We are ready to deal with these issues in accordance with our own laws. And we are ready for international co-operation in this area.”
 
The comments come after China responded to the first set of tariffs on Chinese steel and aluminum with its own levies on American food imports. More trade measures against China are likely, as the U.S. responds to an investigation into the impact of intellectual property violations involving the nation. The emerging trade war between the U.S. and China has destabilized stock markets, with investors fearing a battle that harms both economies – the two largest in the world. Trump has used his national security powers to push through tariffs without the need for new legislation.
 
Consumer technology goods from China are some of the products in the cross-hairs of a $60 billion package of tariffs approved by Trump on March 22. A list of all affected products is due in the coming days. 
 
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