President Trump last month empowered U.S. Trade Representative Robert Lighthizer to investigate China's theft of American intellectual property (IP), which costs America up to $500 billion annually. A new report from Axios, however, reveals that Trump's aggressive action on IP theft may just be the beginning. Not content with cracking down on IP theft, President Trump wants tariffs, too.
In a high-level meeting, President Trump accused a number of his advisors as being “globalists” who are raising the issue of IP theft to redirect the president's attentions. Trump reportedly vented:
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