The U.S. and China signed a trade deal on Jan 15. Attempting to rewire China’s economic system cannot be achieved in one pass – an agreement this ambitious would have to be built in phases. What does that mean for the future of trade deals?
The political winds seem to be blowing in favor of a Congressional vote on the U.S.-Mexico-Canada Free Trade Agreement (USMCA) yet this fall. But before they vote, some Members of Congress want to talk over a few issues with the Trump administration’s negotiators. One is intellectual property protections for the U.S. biopharmaceutical industry. As important as it is, the issue of data protection for biologic drugs is not well understood.
The popularity of American novels, textbooks, and scholarly works is driving efforts to translate and sell U.S.-published books in countries around the world. Digital publishing offers access to many more consumers beyond our borders. The main challenge to global expansion is the need to promote modern copyright regimes in the countries where publishers seek to sell more books
The National Inventors museum inducted fifteen more members into its Hall of Fame. Among those honored were Marvin Caruthers, Arogyaswami Paulraj, and Stan Honey. You may not have heard these names, but you’ve benefited from their inventions.
Despite the diffusion of drug production globally, a full three-quarters of spending on medicines in the United States is on products that are manufactured domestically, by both American and foreign companies.
President Trump just announced $50 billion worth of tariffs and other penalties on China for its theft of intellectual property, technology, and trade secrets. China will not change its behavior absent external pressure — pushing back against the constant drain from Chinese IP theft is long overdue.
Small businesses have more opportunities than ever to sell to customers around the world, but IP theft is one of their biggest risks to pursuing these sales. Just ask Liz Fields, a successful designer of bridesmaid and wedding dresses, who found counterfeit versions of her designs undercutting her business — and her credibility.
If the Trump administration confronts China over unfair trade practices it will need to ignore handwringing from trade groups, but the action will still offer only half of a solution. It generally doesn’t help when you are losing a race to complain that your competitors are running too fast. To stay in the lead, you have to pick up the pace.
Imaging software paired with sophisticated diagnostic equipment offers an amazingly detailed, 3D look inside the human body. Medical innovations support well-paying jobs in every state, from sonographers to medical software developers to medical equipment repair technicians. Expanding sales worldwide is a prerequisite to sustaining growth in these American healthcare jobs.
Most good ideas require intellectual property (IP) protection if they are to play a key role in driving customer sales. As consumers, we interact with IP thousands of times every day with little to no conscious thought when we text on our cell phones, slip a sleeve onto our hot coffee cups, notice the style of cars passing on our commute, or walk down the aisle of a grocery store.