By John F. Di Leo -
As the Trump administration has focused heavily on trade this year, it has been instructive to note the weight that has been placed on intellectual property, in both the negotiations and the results.
The new USMCA treaty – the intended replacement for NAFTA – includes a whole chapter on intellectual property (IP). 2018’s wave after wave of punitive tariffs on Chinese goods, too, have been imposed in an effort to stem not only the loss of American jobs to China, but the loss of American how-to as well.
Even the new layers of 10% and 25% additional tariffs on raw materials of steel and aluminum, generally dismissed as job protection efforts, are actually designed, at least in part, to help keep the technology associated with such materials here in the United States.