“China is at economic war with us.”
Not exactly news. But up to now, the trading deals made with the Chinese have either not addressed theft of intellectual property (they steal our patents, or reverse engineer our finished products, then make their own copies), or the technology was given to them in exchange for cash that went to support a domestic political program here in the US, or even to enrich certain pockets.
Donald Trump has slammed the window shut on these practices,by executing the applicable law. Section 301 of the Trade Act of 1974 provides the United States with the authority to enforce trade agreements, resolve trade disputes, and open foreign markets to U.S. goods and services. It is the principal statutory authority under which the United States may impose trade sanctions on foreign countries that either violate trade agreements or engage in other unfair trade practices. When negotiations to remove the offending trade practice fail, the United States may take action to raise import duties on the foreign country’s products as a means to rebalance lost concessions.
I like how Free Traitors™ abuse the language by saying we cant afford to “start” a trade war/. WE> ARE> IN> A> TRADE> NOW>. We need to start to fighting back.
Wow. I bet the free traitors were smashing their tv sets.
Taiwanese are cool. But let’s face it: Red Chinese are bug people.
When China decided to abandon Communism and grow their economy they asked history: What is the surest and fastest path?
Their research showed they should emulate the early USA.
Thus Mercantilism became their official state policy. Maintenance of a trade surplus is essential to every element of their strategy. So much so they would risk war with the US to maintain it.
That’s why we need to cut them off from our markets. And the largest transfer of capital stock in the history of the world.