noxiousdog wrote: ↑
Fri Apr 06, 2018 3:53 pm
No, what it means is that they gave the toddler something he could talk about and then tried to figure out how to do the least damage possible. And since he never reads a briefing, he'll never know.
I'll (actually) give him credit for calling out China (though previous Presidents have done the same), I'm just very concerned that the Trump approach will turn out to be idiotic, as usual. Doing it unilaterally vs. with a coalition (ala the TPP), and also hitting our closest allies is just dumb, dumb, dumb, IMHO. Less leverage, and hurting those who would be inclined to help us otherwise.
Diplomacy and Negotiations are definitely NOT his strong suit. Who knows, maybe Putin will help him... though I think Putin is extremely happy with a US/China trade war.
Yet the current relationship between China and the U.S. needs to be disrupted. Chinese theft of intellectual property is sapping American innovation and therefore America’s economy. The IP Commission, in a 2017 update (PDF) to its landmark 2013 report, estimates the U.S. each year loses somewhere between $225 billion to $600 billion in intellectual property through predatory means. It almost goes without saying that most of that loss is, directly or indirectly, to China.
Some say the annual loss is far less than the Commission thinks, but the theft, even according to low estimates, is grievous for a country that has developed an innovation-based society...
...President Trump, whether he ends up in a trade war or not, has zeroed in on the core of the competition between China and the U.S. Lighthizer’s proposed tariff list Tuesday includes duties on some mundane items but especially goes after the Chinese aerospace, information and communications tech, and robotics sectors. As Zhou Hao of Commerzbank in Singapore told Bloomberg, “The U.S. list suggests that the government is targeting the ‘Made in China 2025’ initiative.”
That initiative, announced in 2015 by China’s State Council, seeks to make that country nearly self-sufficient in 10 crucial industries, including aircraft, robots, electric cars, and computer chips. Beijing has set out specific goals for market shares by industry.
The plan aims for near self-sufficiency in components by 2020 and materials five years later. Moreover, Beijing, stepping into trade-violation territory, wants Chinese industries to possess 80 percent of their home market in the listed sectors.
CM2025, as the initiative is known in China, calls for jumbo-sized, low-interest loans from state investment funds and development banks, aid for the purchase of foreign competitors, and research subsidies.
There are three ways to not tell the truth: lies, damned lies, and statistics.