“China’s attitude is clear. China’s Ministry of Commerce just made a statement saying that China firmly opposes US‘s threatening to impose a further 50% tariff. If the US escalates its tariff measures, China will resolutely take countermeasures to safeguard its own rights and interests.“
Can you explain #6 better? I don’t understand what this is threatening. Would Beijing stop enforcing IP protection for US firms? Or is this about US subsidiaries paying IP royalties to their parent companies to reduce tax liabilities ?
They have already responded…
just released 50% extra
“China’s attitude is clear. China’s Ministry of Commerce just made a statement saying that China firmly opposes US‘s threatening to impose a further 50% tariff. If the US escalates its tariff measures, China will resolutely take countermeasures to safeguard its own rights and interests.“
Can you explain #6 better? I don’t understand what this is threatening. Would Beijing stop enforcing IP protection for US firms? Or is this about US subsidiaries paying IP royalties to their parent companies to reduce tax liabilities ?
Thanks for asking; my understanding is the latter one.