China–United States trade war

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Since January 22, 2018, China and the United States have been engaged in a trade war involving the mutual placement of tariffs. US President Donald Trump had declared in his campaign to fix China's "longtime abuse of the broken international system and unfair practices". In April 2018, the United States filed a request for consultation to the World Trade Organization in regard to concerns that China was violating intellectual property rights.

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  • Our pursuit of our individual businesses, which often involves transferring manufacturing and a great deal of engineering out of the country, has hindered our ability to bring innovations to scale at home. Without scaling, we don't just lose jobs—we lose our hold on new technologies. Losing the ability to scale will ultimately damage our capacity to innovate.
  • Big American companies fiercely protect their intellectual property and trade secrets, fearful of giving an edge to rivals. But they have little choice in China—and Washington is looking on with alarm. To gain access to the Chinese market, American companies are being forced to transfer technology, create joint ventures, lower prices and aid homegrown players. Those efforts form the backbone of President Xi Jinping’s ambitious plan to ensure that China's companies, military and government dominate core areas of technology like artificial intelligence and semiconductors.

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