President Trump has valiantly defended American companies’ intellectual property rights when negotiating tough trade deals with China and other trading partners. Rightfully so. By some estimates, China has stolen at least $200 billion of our patents, trademarks, and inventions without paying a dime to the lawful American owners.
To appreciate the value of patents and IP, consider that the new Pfizer COVID-19 vaccine was researched and developed with billions of dollars of investor capital in just ten months. That wouldn’t have happened if other drug companies or other nations could steal the formulas. It is a vaccine that has the potential to save 10 million or more lives worldwide.