Posted on 03/16/2018 12:12:00 PM PDT by NRx
WASHINGTON — The dust has yet to settle on President Trump’s decision to impose sweeping tariffs on steel and aluminum imports, but the White House is preparing another major trade measure, this time aimed squarely at China.
Mr. Trump and his top trade advisers are readying a raft of actions to penalize China’s theft of American intellectual property, including tariffs on at least $30 billion of annual Chinese imports, people familiar with the discussions said.
The measures, which could be announced as early as next week, may also include investment restrictions, caps on visas for Chinese researchers and challenges to China’s trade practices at the World Trade Organization. Those familiar with the planning cautioned that the timing could be delayed, and that such measures are likely to be introduced in stages.
The rapid pace of White House trade measures is no accident and comes at the president’s request. At a White House meeting last week, Robert Lighthizer, the United States trade representative, presented Mr. Trump with a plan to target $30 billion a year in Chinese imports.
That amount is equal to the cost that Mr. Lighthizer’s office estimates Chinese policies aimed at acquiring American technology impose on American companies annually. In August, Mr. Lighthizer officially began an investigation into those practices, which include digital warfare as well as requiring companies to hand over trade secrets and form joint ventures with Chinese partners to gain access to certain markets.
(Excerpt) Read more at nytimes.com ...
If it’s China, I am cool with it...
The chicoms cheat. Lie. Cheat lie some more
They give you a great sample and then the real order is substandard
They bankrupt companies end warranty tgenstart new company same plant different name
Screw the lying cheating commies when oppress Christian’s
Good for trump
Watch the GOPe squeak
Will the $1000 iPhone price jump exponentially? Or will the rest of the Pacific rim take up the slack.
Ka-BAM, Baby!!
And $30 billion a year is just the start.
The racist Communist Chinese can keep their crap with the stolen designs from us.
Disclaimer to all the ChiSymps here: worked in the Santa Clara valley the last 35 years, BEEN HERE SEEN THAT
You enjoy funding our enemies?
Why do you say that?
Maybe he could require that they pay penalties to the American companies they stole from.
I think this is very high risk. While our grievances are real, China is not going to take this lying down. One immediate danger will be if China stops buying our sovereign debt. We are going to be running massive deficits thanks to the giant tax cuts just pushed through and China is the single biggest buyer of American bonds. If they step back from that interest rates could jump dramatically. Which in turn will add to the national debt.
And if they start unloading the bonds they already have onto the open market... well katie bar the door. Cuz it’s gonna get ugly.
The Chamber of Commerce is going to collectively soil their underwear.
And then money is going to start pouring into Democrat campaigns as Robert Mueller cranks it up to 11. Just you watch.
This is war.
This was my big reservation with Trump. I bet he wouldn't be stupid enough to go down this road.
“Will the $1000 iPhone price jump exponentially? Or will the rest of the Pacific rim take up the slack.”
iPhone prices? Before Trump’s done tariff increases will likely impact prices on a lot of stuff. Start buying stuff now that you think you will need over the next few years and hang on. Let’s see what happens. 3D chess and all that.
"Idiotic and ruinous. Freepers will be ecstatic."
I'll tell you what's idiotic and ruinous. Me, my children and my children's children being 1 trillion dollars in debt to Chinese communists. There's just no sense in that at all. Unless you're a social justice Marxist/Globalist wanker who feels that America's wealth should be redistributed to non-taxpaying non-American citizens.
How would the tax cuts cause increased deficits? Tax cuts like the ones passed increase the funds coming into the treasury.
It's always someone else's fault isn't it? I haven't noticed an objection on Trump's part to budget deficits. god forbid we just spend less.
Not enough to compensate for the spending and lost revenue. The only time tax cuts actually did that was in the 1960’s, and then only for a while. The national debt exploded under Reagan and Bush 41 got left holding the bag. Coolidge is the best President to look to for how to do these things. You cut taxes AND cut spending.
I think there are more than a few on FR who have been suffering from a bad case of buyer’s remorse. But time will tell.
readying a raft of actions to penalize China’s theft of American intellectual property,
...
It’s about time. Everybody knows this has been a problem for a long time.
That's 6% of our total imports from China. Not much of a message.
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