Business Maverick: U.S. Adds WeChat, AliExpress to Notorious Piracy Market List

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

The U.S. added Chinese messaging platform WeChat and online marketplace AliExpress to its list of notorious markets for counterfeiting and piracy, an annual compilation of the worst intellectual-property abusers and counterfeiters.

The world’s two largest economies share the biggest bilateral trade relationship, but it has been fractious since 2018, with the Trump administration imposing tariffs on more than $300 billion in imports from China, ranging from footwear and clothing to electronics and bicycles and even pet food under section 301 of the Trade Act of 1974.

The Biden administration has contemplated a fresh section 301 investigation to counter China’s industrial subsidies. Congress has also considered establishing a review process to limit outbound investment, and the Commerce Department is weighing potential curbs to apps such as TikTok and WeChat that U.S. officials say pose a risk to Americans’ data security.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investing with williamchurch09 has brought my family so much joy, I've received R80,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Watcher: Geopolitical tensions keep markets on their toesMarketWatcher: Preston190991 Narainsamy of Nedbank Private Wealth talks to FifiPeters about the US inflation saga, bond yields, and the gold price holding strong as investors search for a safe haven.
Source: Moneyweb - 🏆 5. / 77 Read more »