US-China Trade Dispute Escalates Over Intellectual Property Rights Violations.
The trade disputes between the United States and China involve disagreements over intellectual property rights. China's rapid economic and technological growth has raised concerns about unfair practices, such as piracy and counterfeiting. The U.S. accuses China of violating international trade rules, particularly regarding technology transfer and licensing. However, existing international agreements like the WTO's TRIPs agreement have limitations in addressing these issues. The current trade conflict reflects a competition for technological leadership and highlights the need for reform in international economic laws to accommodate China's unique economic structure. The U.S. believes that the current WTO system is ill-equipped to handle issues arising from non-market economic systems like China's, leading to a crisis in the WTO regime.