In his recent post on media, Professor Kamil said that the tariffs announced by the US president will have a huge impact on China. According to the 2017 investigation done by the United Trade Representatives, the Chinese annual stealing of the US IP has cost the country almost $225 to $600 billion. Professor pointed out the fines for IP theft are the highest, and they will be applied on goods and services coming from China, which will sum up to $50 billion.
The fines will be enforced as a penalty for the purported theft of the American intellectual assets. The purportedly embezzled assets comprise forging much-loved brands, stealing trade confidences and enforcing pressure on firms to share technologies with Chinese companies to have the ability to gain a gigantic market in the US.
Professor Kamil also pointed out that there are numerous complaints and cases of desecration of intellectual assets by Chinese citizens. For this reason, many countries have avoided conducting any business with Chinese companies that are situated in China. From his statement, it is evident that Kamil feels that president Trump has taken a long time in implementing measures to control the situation.
According to the professor, president Donald Trump is accomplishing his promise as per his latest announcement by enforcing a 10% tariff on aluminum products imported to the country and 25% tariff on steel goods imported to the country. However, the president excluded Mexico and Canada from these tariffs, which appear to be a means of extending his support of peace to these nations. Kamil views that the latest declaration by the president is a sign that he may enforce the consensuses to the US allies.
About Kamil Idris
Professor Idris is an international government employee who is an ex-diplomat and Sudanese citizen. He enrolled at Geneva University and obtained a Ph.D. in international law, and he holds doctorate honorary law degrees from 19 prominent universities from all over the world. He served as the General Manager of World Intellectual Property Organization (WIPO) from 1997 to 2008. During this period, he also worked for the Global Union for the Security of New Varieties of Plants.