Trump Administration Tells Lawmakers China Trade Actions Are Needed
Mr. Lighthizer, in his formal statement, wrote that actions against China were necessary because the World Trade Organization “has proven to be wholly inadequate to deal with China’s version of a state-dominated economy that rejects market principles.” He didn’t repeat that sentence during his oral remarks.
.. “Our view is we have a very serious problem losing our intellectual property, which is the single biggest advantage of the U.S. economy,” Mr. Lighthizer said. “We are losing that to China in ways that aren’t reflective of the underlying economics.”