Billionaire investor Mark Cuban says he’s working with Vice President Kamala Harris’ campaign to find ways to protect American companies from Chinese knockoffs.
In an X post on Wednesday, Cuban said he “had an interesting conversation with the @KamalaHarris team about protecting American companies from Chinese Knockoffs.”
“Knockoffs are a plague on small businesses, that costs them time, money and may put them out of business. Right now all marketplace platforms do is help them play whack-a-mole. Which I don’t believe is enough,” Cuban added.
“Should we require marketplace platforms to vet all foreign manufacturers selling on marketplaces selling to USA consumers Any suggestions on best approach?” he added.
Cuban did not say when the conversation took place, or what further strategies were discussed.
Counterfeiters have found a way to capitalize on the rise of online shopping platforms. According to a report by the Office of the United States Intellectual Property Enforcement Coordinator, knockoffs cost US businesses more than …