President Donald Trump said that the White House is “acting swiftly” to stem the tide of intellectual property theft and demanded that China come up with a plan to reduce its trade deficit with the United States by $1 billion.
Under the predecessors of Chinese leader Xi Jinping, China became the main perpetrator of intellectual property theft from the United States by encouraging the growth of a shadow industry which steals up to $5 trillion in value from the U.S. economy every year, according to a two-year investigative series by The Epoch Times.
