10) 11-11-18 Assistant to the President and Director of the White House Office of Trade and Manufacturing Policy
“The President of the United States does not need shuttle diplomacy,” Navarro said on Nov. 9 in a speech at the Center for Strategic and International Studies, a Washington think tank. “When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position.”…
Trump is planning to meet Chinese leader Xi Jinping at the G-20 in Buenos Aires later this month. Both sides are considering a formal, bilateral sit-down meeting. The mission of the Wall Street players is to pressure the President into some kind of deal, Navarro said. “If there is a deal—if and when there is a deal–it will be on President Donald J. Trump’s terms not Wall Street’s terms,” he said, urging them to get out of the negotiations….“If Wall Street is involved and continues to insinuate itself into these negotiations, there will be a stench around any deal that’s consummated because it will have the imprimatur of Goldman Sachs and Wall Street.”
Trump introduced the maxim that “economic security is national security,” said Navarro, who added that this maxim has been the guiding principle for many of the President’s policies, including tax reform, deregulation and unleashing the energy sector….“We have, in my judgment, the finest United States Trade Representative we’ve had in our history,” he said. “We are able to now protect our technologies and intellectual property from Chinese predation, and it’s been tremendously successful.”
Based on the investigation findings, USTR developed recommendations to confront China over its state-led, market-distorting policies and practices, forced technology transfers, intellectual property theft, and cyber theft.
As part of the measures to improve U.S. economic and national security Trump also ordered an assessment of America’s manufacturing and military industrial base. After a yearlong effort, the Department of Defense released a report last month, finding roughly 300 gaps and vulnerabilities across the defense supply chain. The weak spots include reliance on a single source of critical equipment or material, dependence on foreign manufacturers and looming labor shortages.
According to Navarro, the most important information uncovered in the report was the high degree of foreign source dependency, which is a product of the globalization of the defense industry supply chain. “These vulnerabilities are not random,” Navarro said. “In some cases they are the direct effect of strategic rivals, principally China, targeting somewhere in our supply chain or some sector and basically making that vulnerability either existing or worse.”
According to the report, “China represents a significant and growing risk to the supply of materials deemed strategic and critical to U.S. national security,” including a “growing number of both widely used and specialized metals, alloys and other materials, including rare earths and permanent magnets.”
The report also talks about China’s strategies of economic aggression, such as protecting its own market from competition, dominating traditional manufacturing industries and acquiring technology and intellectual property from the rest of the world.
According to Navarro, the Chinese regime uses 50 tools to pursue these strategies of aggression, including high tariffs, high non-tariff barriers, imposing indigenous standards for products, currency manipulation, cyber theft, espionage, forced technology transfer and massive subsidies. “[If] you understand what China is doing to us in the world, you will also understand why it’s so difficult to undo what they are doing to us,” Navarro said. https://www.theepochtimes.com/white-house-adviser-urges-wall-street-to-back-off-of-china-talks_2713502.html
………..…………………………………………………….……
9) 11-7-18
WASHINGTON—A news report revealed that the new Foxconn factory in Wisconsin is planning to bring in workers from China, leading some to call locating the plant there a fiasco. The news however is not surprising, says a business expert, as the company needs some special manufacturing skills that have to come from Asia.
“If Foxconn is trying to build a flat panel display factory, they would be crazy not to bring some workers in from Asia,” said Harvard Business School professor Willy Shih.
“These are expensive factories that have a lot of specialized equipment and need the people who know how to set up and run that equipment.” https://www.theepochtimes.com/foxconn-needs-to-bring-in-asian-workers-says-harvard-professor_2710863.html
………………...........................................…
8) 11-1-18 WASHINGTON—The White House’s top economic adviser said on Nov. 1 that if China does not come up with a satisfactory offer to meet U.S. trade demands, then President Donald Trump will continue to aggressively pursue his agenda.
“But we are stuck with a lot of foreign unfair trading practices, which have been harmful to the U.S. workforce and the economy,” he said at a Washington Post event on small businesses. https://www.theepochtimes.com/trumps-top-economic-adviser-the-principal-culprit-is-china_2706242.html
………………………………...........................………
7) 10-19-18
according to a report by Alliance for Manufacturing Foresight (MForesight), a nonprofit consortium led by representatives from the U.S. manufacturing community.
Since 2000 more than 70,000 factories have closed or moved overseas, threatening the nation’s innovation ecosystem, according to the report. It has affected the ability of U.S. innovators to make new products. https://www.theepochtimes.com/us-regains-title-of-worlds-most-competitive-economy_2694022.html
……………………..…..............................
6) 10-13-18 WASHINGTON—The Trump administration is set to flex its muscles by convincing trading partners to pressure China. The revamped deal with Canada and Mexico is a clear sign that Washington is willing to isolate Beijing in a new global trade order by edging China out of trade deals with allies.
The new United States–Mexico–Canada Agreement (USMCA) contains a clause that aims to contain Beijing. The provision, which has attracted a lot of attention and praise, essentially blocks any trade flirtation with China.
“I thought that was a brilliant provision to put in the agreement, because that changes the whole parameters,” said Patrick Mulloy, a former member of the U.S.–China Economic and Security Review Commission and a former assistant secretary at the U.S. Department of Commerce.
……………………………….............…
5) 10-2-18 “By the way, without tariffs we wouldn’t be talking about a deal, just for those babies out there that keep talking about tariffs. That includes Congress,” he said. According to Trump, U.S. tariffs are clearly working and will eventually force China into making concessions at the negotiating table. “We have a lot of catching up to do with China,” he said. “We’re using tariffs very successfully to negotiate. And if we’re unable to make a fair deal, then we’ll use tariffs.”
………………………………………….
4) 9-27-18 WASHINGTON— On Sept. 25 U.S. Trade Representative Robert Lighthizer and his counterparts Hiroshige Seko of Japan and Cecilia Malmstrom of the EU met in New York on the sidelines of the United Nations General Assembly. “The Ministers reiterated their concern with and confirmed their shared objective to address non-market-oriented policies and practices of third countries,” said the joint statement.
The trilateral partners agreed to push for new rules and enforcement tools to tackle nations that undermine the global trade system. They also have expressed the need to reform World Trade Organization (WTO) rules that are not effective.
…………………………………………….………
3) 9-24-18 Through this deal with S. Korea the United States will be able to achieve a 30 percent reduction in steel imports by volume and value, according to the White House. The United States is the world’s biggest steel-importing nation, buying almost 36 million tons in 2017. South Korea is the third-largest supplier of steel followed by Canada and Brazil. https://www.theepochtimes.com/us-and-south-korea-sign-new-free-trade-agreement_2670097.html
………………………………....................
2) 8-7-18 WASHINGTON—Protectionist noise from Germany is growing louder, as Berlin plans to crack down on Chinese investments, by significantly lowering the threshold for intervening in takeovers. Chancellor Angela Merkel’s government, like the Trump administration, is taking steps to expand its ability to block foreign deals deemed as threats to national security.
Germany’s economy minister, Peter Altmaier, told the newspaper Die Welt that lowering the threshold was necessary in order to monitor “more acquisitions in sensitive sectors of the economy.” Berlin can currently veto the sale of at least 25 percent of a German company’s equity to an investor outside of the European Union. The government now wants to reduce that threshold to 15 percent. https://www.theepochtimes.com/following-in-us-footsteps-germany-targets-chinese-investments_2618318.html
……………………………………………………………
1) 7-22-18 WASHINGTON—China exploits the openness of the U.S. innovation network, from Silicon Valley to the nation’s universities, yet the United States may still be underestimating the scale of the Chinese threat, warn experts.
“There’s a real war going on,”
NanoMech, a leading nanomanufacturing firm based in Arkansas, was a frequent target of cyber attacks. Recently the FBI warned the company that it was the second most-hit firewall by the Chinese cyber-militia in the southern United States.
“While I suppose we could take this as a compliment to our superior science and technology, we moved fast to squash this attempt before it had a chance to succeed,” Phillips said. …
He says America’s reign as an economic leader of the world will be over if it does not pay attention to China. “When its GDP surpasses America’s China will dominate the world economically by a margin far more than the United States has and at that point, China will be in total control,” he said. https://www.theepochtimes.com/china-fighting-real-war-to-steal-us-innovation_2600736.html
No comments:
Post a Comment