President Trump last week announced a deal in principle with China: The U.S. will impose 55% tariffs on Chinese goods, while China will respond with a 10% tariff on American goods. In return, China will continue supplying rare earth minerals and magnets, and Chinese students will keep attending American universities. The deal’s finer details remain in flux.
Noticeably absent from the agreement? Any commitment from China to protect American intellectual property. That’s no accident. China denies stealing American IP altogether, chalking up clear examples of theft to normal “market behavior.”
Trump is the first president in half a century to take trade seriously. But tariffs alone won’t fix this.
And in a way, they’re right. IP theft is normal in China. Some of the country’s most
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