USTR’s annual Special 301 and Review of Notorious Markets for Counterfeiting and Piracy reports on the state of intellectual property rights around the world is a valuable tool for American companies.
Special 301 rules direct the Office of the U.S. Trade Representative (USTR) to identify foreign countries that don’t do enough to protect intellectual property rights. Involvement from the private sector is also critical to prevent intellectual property theft.
European wine is getting caught in a decades old trade dispute. But tariffs on imported wines from France, Germany, or Spain are a lose-lose for the U.S. wine industry. European winemakers may just shift their exports to avoid U.S. tariff pain and grow their market share in emerging economies like China.