Donald Trump has reportedly shelved plans for an investigation into Chinese IP theft, after China backed UN trade sanctions on North Korea over its ballistic missile and nuclear tests.
As reported by WIPR last week, Trump was believed to be planning to sign a memorandum directing US officials to target Chinese trade practices and clamp down on IP theft.
That came in response to a report by the Chinese government that said it wants to lead the way in technologies such as driverless cars and artificial intelligence by 2025.
It was reported that if signed, the memorandum would allow the US president to impose tariffs or other trade restrictions to protect US industries.
However, these plans have now been postponed after the Chinese government backed UN trade sanctions on the North Korea regime on Saturday, August 5.
“There are broader talks about diplomatic considerations,” an administration official said, according to news website Politico.
Various other reports suggested that the president wants to postpone the plans for “at least a week” and will look into the matter again at the end of his working holiday in Bedminster, New Jersey.
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox
Today’s top stories:
Estée Lauder lipsticks smacked with trade dress suit
Thailand becomes 99th member of Madrid System
EFF has Federal Circuit’s ear in podcast patent win