Takeaway: Intellectual property is one of the most influential factors on the worldwide economy.

Vishal Amin, the IP Enforcement Coordinator of the White House spoke at the AIPLA Annual meeting. Amin discussed the moves that the Trump administration is making toward the promotion of intellectual property rights in the United States.

According to Amin, the administration believes that the intellectual property in our country will help the United States’ economy grow, and in turn, will help the world’s economy grow. This may be why President Trump designated April 26th as “World IP Day.”

Amin additionally addressed concerns about U.S./China relations and how Trump’s tariffs against China are due to intellectual property violations by China. According to Amin, China accounts for the majority of counterfeit goods imported into the United States and this undermines the intellectual property system. Hopefully, this is all part of a negotiation between the U.S. and China that will lead to a cooperative and more global intellectual property system.