As the talks of trade war heat up from across the pond again, it is time to highlight some home truths. A beleaguered US Presidency, completely sabotaged by opposing domestic interests between several differing factions, found a rare bipartisan point of solidarity, as hawkish Democrats urged on Trump to be stern in face of a possible trade war. The argument lies like this. Chinese economic prowess has coerced several American companies, to start joint ventures or lose Chinese markets. That led to diffusion of technology, and sharing of intellectual property. Technology and Intellectual property is now proving to be new battleground, as Bob Lighthizer, the United States trade representative, is apparently now preparing a trade case against extensive misuse of IP.
That’s, however, easier said than done.