Tag: Sinovel US

US hits Chinese firm Sinovel with $1.5 mn fine for stealing technology

WASHINGTON, United States (AFP) — A US court on Friday imposed the maximum fine of $1.5 million of Chinese firm Sinovel for stealing trade secrets from an American company producing wind turbines, the Justice Department said. The decision comes on the day Washington unleashed 25 percent import tariffs on $34 billion in Chinese products to punish the country for what President Donald Trump has said is the rampant theft of American technology. After being charged […]