After plenty of bluster, the Trump administration finally announced its trade policy agenda last week. As expected, China loomed large in the document, which continued to focus on the somewhat nebulous concept of IP theft. More interestingly, it made specific mention of the profits US companies earn from their patents and other IP in an agenda that, like much of Trump's rhetoric, takes explicit aim at China. "Ensuring that US IP owners have a full and fair opportunity to use and profit from their IP" is one of 10 key principles laid out at the beginning of the document. 

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