“I am Yahweh. I do not change. I am why Jacob’s descendants are not destroyed.” (Malachi 3: 6)
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Business Insider—Trump to unveil China tariff list this week, targeting tech goods:
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.
The list of $50 billion to $60 billion worth of annual imports is expected to target “largely high-technology” products and it may be more than two months before tariffs take effect, administration officials have said.
The U.S. Trade Representative’s office needs to unveil the list of products by Friday under President Donald Trump’s China tariff proclamation signed on March 22.
The tariffs are aimed at forcing changes to Chinese government policies that USTR says results in the “uneconomic” transfer of U.S. intellectual property to Chinese companies.
The agency’s “Section 301” investigation authorizing the tariffs alleges China has systematically sought to misappropriate U.S. intellectual property through joint venture requirements, unfair technology licensing rules, purchases of U.S. technology firms with state funding and outright theft.
China has denied that its laws require technology transfers and has threatened to retaliate against any U.S. tariffs with trade sanctions of its own, with potential targets such as U.S. soybeans, aircraft or heavy equipment.
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SnyderTalk Comment:
Trump haters criticize every move the president makes. I think they wake up each morning hoping to be infuriated by something the president has said or done.
The president’s imposition of tariffs on China gave the haters something to criticize. They started screaming “trade war” as quickly as the president announced his decision.
Fact: China has been taking advantage of U.S. firms for decades, and no president has had the courage to tell them that it must stop. Those who failed to address the problem include Presidents Reagan, Bush (H.W.), Clinton, Bush (W.), and Obama. All of them failed to do what needed to be done.
President Trump did it because it had to be done.
This issue is not about free trade. Where China is concerned, we’ve never had free trade. Standing up to China as the president has done was a way of saying that the rules have changed. There is a new sheriff in town.
That’s important, and it’s farsighted. Trump haters can’t understand him because they can’t take their eyes off the ends of their noses.
See these articles:
- There’s no such thing as free trade with China
- The Rise of China and the Fall of the ‘Free Trade’ Myth
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“The glory which You have given Me I have given to them, that they may be one, just as We are one; I in them and You in Me, that they may be perfected in unity, so that the world may know that You sent Me, and loved them, even as You have loved Me. Father, I desire that they also, whom You have given Me, be with Me where I am, so that they may see My glory which You have given Me, for You loved Me before the foundation of the world.” (John 17: 22-24)
See “His Name is Yahweh”.
