Posted on 11/18/2017 11:04:51 AM PST by Tolerance Sucks Rocks
President Donald J. Trump has proven that his desire to ‘Make America Great Again’ is more than just a campaign slogan. China, which possesses one of the fastest growing economies in the world, has a reputation for “using” the United States to gain financial and technological advantages. Trump’s recent visit to China was aimed at taking a tougher stance on U.S.-Chinese trade relations, which he described as “very one-sided and unfair.” Trump came away with $250 billion in new trade deals, a pretty astonishing accomplishment for a President who has been in office for less than a year.
According to census.gov, China ranks as a top trade partner with the United States. However, it’s not all good news as the U.S. has a huge trade deficit with China, estimated at $347 billion in 2016. The deficit exists due to the large number of imports from China to the U.S. and fewer exports from the U.S. to China. A substantial number U.S. imports to China are in the form of raw materials. China provides cheap labor to assemble products and ship them back to the U.S. as imports. China’s cheap manufacturing capability has taken American jobs. A game of tug of war to bring jobs back home by imposing trade tariffs is constantly being discussed by politicians. Trump has publicly shared that he does not fault China for taking advantage of the United States for the benefit of its own citizens. Instead, Trump criticizes his predecessors for making bad business deals that have continually provided disadvantages for American businesses and workers.
President Trump’s proactive role and superior negotiating skills have brought the issues of fairness in trade to the table. The President’s productive visit with Chinese President Xi Jinping has brought a turn-about trade that is lucrative for the United States. Resulting from negotiations, the duo announced more than $250 billion in deals between the two countries that will affect many industries. Meanwhile, critics of Trump suggest that the non-binding deals could fall apart at any given time. Still, there is much optimism as to what can occur in the future. In the dealings discussed, China could put more than $100 billion into U.S. energy projects in upcoming years. China Energy Investment Corporation Limited plans to invest $83.7 billion in shale gas and chemical manufacturing in West Virginia. Talks also include China’s investment of over $40 billion in Alaska’s energy sector through a joint venture between Sinopec, China’s Petroleum & Chemical Corporation, and the Alaskan government. That agreement is likely to produce the economic bonus of approximately 12,000 jobs.
Here are some other companies likely to profit from the new deals with China:
Comforting to know that all those companies on the list above will have R&D divisions in China ...
I predicted that sort of thing in the late 90s.
R&D follows manufacturing.
IMO, China is going to be making the big discoveries in the future, and this will affect everything from medicine, to military prowess, to space occupation. Physics, gene studies... we really screwed up.
We committed suicide as a nation around 1992.
I wish Trump luck, but it’s going to be an uphill battle.
Indeed. A service based economy tends to make a country servants of countries with production based economies.
I agree.
It is a Chinese government requirement that any company doing business in China MUST have its R&D located there.
I heard at one time that any business that wanted to manufacture there had to turn over all business models and all connected patent information.
If that’s true, think about the transfers of technical information and know how. There’s a lot of strategic things involved.
I’ve been saying for 25 years now, that we have gifted the Chinese with 5-7 decades of technical information.
That’s the dumbest thing I’ve ever seen.
....”I’ve been saying for 25 years now, that we have gifted the Chinese with 5-7 decades of technical information”....
Yes indeed...and what they can’t get they bribe or steal....
The US brings in all these foreign entities to learn our technology.... then return to ‘sell’ it to the highest bidder.
I am thinking this is just more of the same.
Hope I’m wrong.
We have been selling our own country out, both parties, everyone, for more than the entire last generation.
Every last person.
“... manufacture there had to turn over all business models and all connected patent information.”
PIF, we’re talking about 250 billion invested here, not in China. It will employ many people, and by this stage of the game China has everything it ever wanted.
“... by this stage of the game China has everything it ever wanted.”
—
Taiwan, revenge on the Japanese, northern India, Pacific Ocean dominance, and world super power status are a few other things they want.
Talk about whatever $$ - just remember bargains with the devil never turn out well.
The topic was transfers of technology. As I said, they’ve got it all by now, what with all the manufacturing being done in China now.
As for designs on Taiwan and Japan, sure. I agree.
Increasing jobs in the U. S. doesn’t mean we’re selling out Taiwan or Japan though.
What has bothered me a lot when it comes to Taiwan, is that when I support them against all comers, someone in their government always pops off about negotiations to reunify.
Certainly takes the support right out of my sails.
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