White House Statement on Chinese Trade Skirmish Vague on IP Rights

President Trump's real battle against the Chinese was supposed to be over intellectual property theft, which the White House says has been going on for years and costs the U.S. economy $225 billion to $600 billion a year. Trump was supposed to get the Chinese to stop stealing U.S. business secrets and technology, but a statement on the trade skirmish was brief and lackluster, saying that both sides agreed to “strengthen cooperation” (diplomatic speak for not doing much) and that China would “advance relevant amendments” to its patent law.