The United States will not turn a blind eye to the theft of American jobs, wealth and the intellectual property, said President Donald Trump. He proclaimed April 26 as the World Intellectual Property Day 2018, according to news reports.
Intellectual property theft is estimated to cost the US economy as much as $600 billion a year. “Our country will no longer turn a blind eye to the theft of American jobs, wealth, and intellectual property through the unfair and unscrupulous economic practices of some foreign actors. These practices are harmful not only to our Nation’s businesses and workers but to our national security as well,” Trump said.
The United States continues to demand the protection of intellectual property rights abroad.