China gives on key US trade-war demand Facebook Twitter Comments Print Email By Jonathan GarberFOXBusiness close BT&F president on China’s IP theft China has passed a new law that it says will protect the intellectual property rights of foreign businesses operating in the country. "Beijing will not discriminate between domestic and foreign enterprises when enforcing its IP laws,” said Ning Jizhe, the vice chairman of China’s National Development and Reform Commission, at a press conference in Beijing. GET FOX BUSINESS ON THE GO BY CLICKING HERE Theft of intellectual property from U.S. companies is a driving concern in President Trump's trade war with the world's second-largest economy, with American negotiators seeking to halt forced sharing of trade secrets as a condition of doing business in the country. The U.S. has imposed tariffs on billions of dollars in Chinese imports, driving up costs for businesses, and the two countries recently established a framework for a "phase one" deal. Under the new regulations, which take effect on Jan. 1, China will "ensure better protection for trade secrets and never allow forced technology transfer," Ning said. "Further, China will strengthen and speed up improvements made to standards for patents, trademarks, copyright infringement, counterfeiting judgments, inspection and identification." The law minimizes the direct allocation of government resources to the market and direct government intervention in market activities, and establishes a punitive damages system for intellectual property infringement. China will also deepen trademark registration and patent application reform, among other things. Ning called on the U.S. to do its part. "The other side should also improve the business environment and provide convenience for Chinese-funded enterprises," he said. "China’s intellectual property theft is real, damaging, and ending thanks to President Trump’s strong trade actions and his OSTP Director’s focus on ending abuses in our open society’s education and research system," an administration official told FOX Business. The tentative U.S.-China deal, which has not yet been signed, is said to include China making concessions on intellectual property, financial services and agriculture. In return, the U.S. agreed not to implement new tariffs on Chinese goods on Oct. 15. It is not yet clear if the U.S. will go through with its next round of tariffs scheduled for Dec. 15. The two sides are working to complete a written draft for Presidents Trump and Xi Jinping to sign when they are in Chile next month for the Asia-Pacific Economic Cooperation summit. Trump has said a comprehensive trade deal will have two or three phases. FOX Business' R.N. White contributed to this report.
It will just make enforcement etc. impossible while getting more from the US than it loses on any token cases allowed. Winning.
This is not only good for American workers, but workers around the world. No politician, left or right, would have ever been able to make this happen. #Truth
It has not happened yet sucker. I can't be bothered but a mission accomplished meme with "Vert Der Flerk!" on it would be ideal.
Anyway, I made unspeakable money on this today, trading Trump's political needs it was clear that "good news" was coming (still waited for some conf of course). About the sixth time I've made book on these negotiations. He probably also agreed to give every first born female after 2020 to China in the small print to get them to agree for the headlines he needs. Trump will make promises the next lot will try and keep, China knows this. Trump's policy, a combination of Martingale and MLM. https://www.forbes.com/sites/lisett...trump-can-be-sued-for-marketing-scheme-fraud/
Mission accomplished...? Steve Moore: It's a middle-class boom -- How Americans are really doing under Trump economy Facebook Twitter Print Email By Steve MooreFOXBusiness close Steve Moore: Recession fears are being promoted by people who dislike Trump How much of the monetary gains from the Trump economic speedup have gone to the middle class? If you ask Democratic senators and presidential candidates Elizabeth Warren, Kamala Harris and Bernie Sanders, the answer to that question is ... almost none. "(Donald) Trump's economy is great for billionaires, not for working people," Sanders likes to say. Meanwhile, House Speaker Nancy Pelosi grouses that under the Trump agenda, "the rich get richer, and everyone else is stuck paying the bill." Uh-huh. That's been the standard liberal riff for the last couple of years as they try to explain how a president who they said would create a second Great Depression has created boom times with the lowest inflation and unemployment in half a century. Gigantic income gains But not a word of this is true, according to new Census Bureau data on the incomes of America's middle class. This study by former Census Bureau researchers and now statisticians at Sentier Research has found gigantic income gains for the middle class under Trump. The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017). Under George W. Bush, the household income gains were a little over $400 in eight years, and under Barack Obama the gains were $1,043. That was in eight years for each. Under Trump, in less than three years, the extra income is about three times larger. These gains under Trump are so large in such a short period of time that I asked the Sentier Research team to triple-check the numbers. Sure enough, on each occasion, the income swing was $5,000. This is a bonanza for the middle class, and the extra income in tens of millions of Americans' pockets is getting spent. Consumers are king in America today, and fatter wallets translate into more store sales. Home Depot and Lowe's recently recorded huge sales surges. Ticker Security Last Change Change % HD THE HOME DEPOT INC. 234.29 +0.40 +0.17% LOW LOWE'S COMPANIES INC. 111.58 +0.71 +0.64% The tax cut also added an additional $2,500 to a typical family of four's after-tax incomes. So after taking account of taxes owed, the income of most middle-class families is up closer to $6,000 in the Trump era. Memo to Pelosi: That ain't crumbs. Ronald Reagan used to talk about the importance of real take-home pay. He asked voters in 1980, "Are you better off than you were four years ago?" (when Jimmy Carter was elected). Thanks to high taxes, high inflation and high unemployment in the late 1970s, the answer to that question was clearly no. Reagan won and Carter lost. Trump should begin asking Americans if they are better off than they were four years ago. Today, the answer to that question is clearly yes. It's the economy, stupid. Everyone -- especially the middle class -- is sharing in the fruits of the Trump boom. Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant with FreedomWorks. He is the co-author of "Trumponomics: Inside the America First Plan to Revive the American Economy." To find out more about Stephen Moore and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate webpage at www.creators.com. COPYRIGHT 2019 CREATORS.COM
I'm sorry but have to see the numbers and how they were fudged. Trump's economic adviser Stephen Moore's critics have called Moore a “A voodoo economist … [who uses] especially devious methods to torture the data,” (The New Republic's Jonathan Chait), [13] with a career “marked by a pattern of errors, deception and falsehood,” (Brendan Nyhan and Ben Fritz) [14]. Economist Brad DeLong said that “Moore has zero credibility.” [15]