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Nike and LVMH praise China's efforts to fight intellectual property theft

US President Donald Trump has cited the theft of American intellectual property, including the counterfeiting of major brands, as justification for imposing tariffs on Chinese imports

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The logo of Nike (NKE) is seen in Los Angeles, California, United States

Bloomberg
Nike and LVMH, who have struggled against knockoffs of their famous products, are sticking up for China when it comes to fighting piracy.

US President Donald Trump has cited the theft of American intellectual property, including the counterfeiting of major brands, as justification for imposing tariffs on Chinese imports. But executives at two of the biggest victims of such violations praised Beijing’s efforts to crack down on intellectual property abuses at the China International Import Expo in Shanghai on Thursday.

China has helped create a “much-improved environment for brands” compared with a decade ago, said Valerie Sonnier, global intellectual property director at