Page 25 - ARUBA TODAY

BUSINESS Tuesday 29 May 2018
A25

China approves 13 new Ivanka Trump trademarks in 3 months

By ERIKA KINETZ to profit from the business.
Associated Press “Ivanka Trump’s refusal to
SHANGHAI (AP) — Ivanka divest from her business is
Trump’s brand continues to especially troubling as the
win foreign trademarks in Ivanka brand continues to
China and the Philippines, expand its business in for-
adding to questions about eign countries,” Noah Book-
conflicts of interest at the binder, executive director
White House, The Associ- of Citizens for Responsibility
ated Press has found. and Ethics in Washington,
On Sunday, China granted said in an email Monday.
the first daughter’s compa- “It raises significant ques-
ny final approval for its 13th tions about corruption, as
trademark in the last three it invites the possibility that
months, trademark office she could be benefiting fi-
records show. Over the nancially from her position
same period, the Chinese and her father’s presiden-
government has granted cy or that she could be in-
Ivanka Trump’s company fluenced in her policy work
provisional approval for by countries’ treatment of
another eight trademarks, her business.”
which can be finalized if As Ivanka Trump and her
no objections are raised father have built their glob-
during a three-month com- al brands, largely through Computer screen shows the Ivanka Trump logo, right, and the website of the Chinese Trademark
ment period. Taken togeth- licensing deals, they have Office in Beijing, China, Monday, May 28, 2018.
er, the trademarks could pursued trademarks in Associated Press
allow her brand to market dozens of countries. Those munist Party. a formal role at the White of reasons. They can be a
a lifetime’s worth of prod- global trademarks have Chinese officials have em- House. Those records on sign of corporate ambition,
ucts in China, from baby drawn the attention of eth- phasized that all trademark Monday showed at least 25 but in many countries, like
blankets to coffins, and a ics lawyers because they applications are handled in Ivanka Trump trademarks China, where trademark
host of things in between, are granted by foreign accordance with the law. pending review, 36 active squatting is rampant, com-
including perfume, make- governments and can More approvals are likely marks and eight with provi- panies also file defensively,
up, bowls, mirrors, furniture, confer enormous value. to come. Online records sional approval. to block copycats from
books, coffee, chocolate Concerns about political from China’s trademark of- The World Intellectual Prop- grabbing legal rights to a
and honey. Ivanka Trump influence have been espe- fice indicate that Ivanka erty Organization’s global brand’s name. Trademarks
stepped back from man- cially sharp in China, where Trump’s company last ap- brand database also shows are classified by category
agement of her brand and the courts and bureaucra- plied for trademarks — 17 of that her company, Ivanka and may include items
placed its assets in a family- cy are designed to reflect them — on March 28, 2017, Trump Marks LLC, won three that a company does not
run trust, but she continues the will of the ruling Com- the day before she took on trademarks in the Philip- intend to market. Some
pines after her father took trademark lawyers also ad-
European stocks drop amid Italy office. Two of them that vise clients to register trade-
cover clothing, including marks for merchandise that
uncertainty, oil falls again lingerie and baby clothes, is manufactured in China,
were filed on Feb. 8, 2017 even if it’s not sold there.
and registered in June and Ivanka Trump does not
By KELVIN CHAN the Shanghai Composite in negative news headlines. November. The third, filed have a large retail pres-
Associated Press mainland China dipped 0.2 It started with the loss of on March 1, 2017, covers ence in China, but customs
HONG KONG (AP) — Eu- percent to 3,135.08. Aus- data momentum and now clothing and footwear and records show that the bulk
ropean stock markets fell tralia’s S&P/ASX 200 fell 0.5 political risks have injected was registered in July. of her company’s U.S. im-
Monday after small gains in percent to 6,004.00. a new risk premium. We still Companies register for ports are shipped from Chi-
Asia as investors digested ITALIAN POLITICS: The euro believe that Italy doesn’t trademarks for a variety na. q
political uncertainty in Italy, was volatile, touching a six- pose systemic risks to the
while crude oil fell further month low after Italy’s pres- single currency,” said Mark
amid expectations for out- ident vetoed a euroskeptic McCormick, the North
put increases. Markets re- candidate for economy American Head of FX Strat-
mained closed for holidays minister proposed by lead- egy at TD Securities.
in the U.S. and Britain. ers of two populist parties NORTH KOREA: President
KEEPING SCORE: France’s trying to form a govern- Donald Trump’s latest re-
CAC 40 fell 0.6 percent to ment. President Sergio Mat- versal on a summit with
5,508.93 and Germany’s tarella said Sunday he was North Korean leader Kim
DAX dropped 0.6 percent refusing to appoint Paolo Jong Un and South Korean
to 12,863.46. Italy’s bench- Savona, whose policies President Moon Jae-in’s im-
mark FTSE MIB opened could rattle nervous mar- promptu meeting with Kim
higher but drifted lower to kets and further inflate the on Saturday eased fears
close down 2.1 percent country’s staggering debt over the Korean Peninsula’s
at 21,932.69. Japan’s Nik- load. Instead, he named crisis. Trump tweeted that a
kei 225 edged 0.1 percent an economist, Carlo Cot- U.S. team is in North Korea
higher to 22,481.09 and tarelli, to lead the country to make arrangements for
South Korea’s Kospi rose 0.7 until new elections. the June 12 summit in Sin-
percent to 2,478.96. Hong ANALYST TAKE: “The euro gapore, days after he said
Kong’s Hang Seng rose 0.7 has had a rough go late- the U.S. was withdrawing
percent to 30,792.26 while ly, reflecting a firehose of from the meeting.