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Trump’s Tough China Tack Wins Over Skeptical CEOs
WSJ ^ | 12/08/2018 | John Stoll

Posted on 12/08/2018 8:08:05 AM PST by SpeedyInTexas

When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target.

It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted something done about counterfeiting, allegations that the Chinese were stealing U.S. intellectual property and investment rules Beijing leans upon that force technology transfers.

(Excerpt) Read more at wsj.com ...


TOPICS: News/Current Events
KEYWORDS: boycotts; sanctions; tariffs; trade
Article highlights:

"The dozens of CEOs gathered for the Journal’s meeting in the capital, however, suggest business leaders have shifted their view of Mr. Trump’s confrontational approach. They now say they are encouraged that the administration recognizes complex problems demand sophisticated solutions."

"Speaking to the CEO Council, [John Bolton] proposed a rule that says there will be no imports into the U.S. of products or services based on the theft of American innovation. "

" the U.S. Chamber of Commerce’s China Center, said the White House has a supportive audience in the business community when it comes to confronting China. When Mr. Trump came to office, there was “a frustration that had been building over a number of years.” "

"the White House published research estimating an annual cost of between $250 billion and $600 billion to the U.S. economy from China’s counterfeit goods, pirated software and theft of trade secrets. "

"When it comes to trade, Mr. Lewis says China’s strategy to win at any cost often overshadows the desire to be seen as a good citizen of the world. "

1 posted on 12/08/2018 8:08:05 AM PST by SpeedyInTexas
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To: cba123

WSJ article this morning says US CEOs are agreeing that Trump’s China approach is on target.


2 posted on 12/08/2018 8:09:23 AM PST by SpeedyInTexas (Localization, not Globalization)
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To: SpeedyInTexas
It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs.

Of course not, why de industrialization is a good thing. /SARCASM

3 posted on 12/08/2018 8:11:59 AM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: SpeedyInTexas

And note that both Senators from Iowa, Chuck Grassley and Joni Ernst, have expressed support for Pres. Trump’s trade policies despite the agriculture sector supposedly ‘suffering the most’.


4 posted on 12/08/2018 8:13:34 AM PST by jjotto (Next week, BOOM!, for sure!)
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To: jjotto
And note that both Senators from Iowa, Chuck Grassley and Joni Ernst, have expressed support for Pres. Trump’s trade policies despite the agriculture sector supposedly ‘suffering the most’.

This is from an 11/30 gCaptain article, which IMO, neatly shows how the world under a free market system readily adapts to these "end of the world" shifts in agricultural policies: Spoils of Trade War: Argentina Loads Up On Cheap U.S. Soybean

5 posted on 12/08/2018 8:29:02 AM PST by Oatka
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To: SpeedyInTexas

“...proposed a rule that says there will be no imports into the U.S. of products or services based on the theft of American innovation.”

Very good.
And also mirror China’s domestic content requirement.
And also make drug supplies a National Defense concern.


6 posted on 12/08/2018 8:57:59 AM PST by polymuser (It is terrible to contemplate how few politicians are hanged today. - Chesterton)
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To: SpeedyInTexas; All

Ahh! The left doesn’t understand Donald Trump because it doesn’t understand common sense.


7 posted on 12/08/2018 9:00:59 AM PST by Amendment10
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To: Amendment10

The no-Wall Street Urinal doesn’t understand Trump either.


8 posted on 12/08/2018 9:12:21 AM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: SpeedyInTexas
They wanted something done about counterfeiting, ..."

Correct me if I'm wrong, but wouldn't it be easy for the CEOs to do something about counterfeiting by, I don't know, NOT MOVING FACTORIES TO CHINA IN THE FIRST PLACE? It seems to me that I have read that China requires foreign manufacturers to disclose sensitive information about their products and processes. There is only one reason for them to have this requirement.

9 posted on 12/08/2018 10:11:56 AM PST by MissNomer
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