But before he does, Mr. Trump would be wise to look at how two dealmakers— one Chinese, one American — showed last month how to resolve U.S.-China intellectual property tensions without the need for tariffs or trade wars.

Xiaomi is thus a very powerful company whose actions carry great weight in China and, increasingly, abroad.

But one of the biggest hurdles faced by Xiaomi and other Chinese companies with global ambitions is securing the intellectual property rights to the components used in their products , such as a smartphone s patented wireless and digital audio technologies.

We therefore have to make sure we re not overpaying for those rights, or we won t survive and be able to build a sustainable business.

It s a generally accepted concept.

An American IP dealmaker of unusual creativity, Siino has a record of successfully cementing difficult deals with Chinese and other global firms.

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