"The Trump trade team believes U.S. firms need protection from a predatory Chinese state, which Mr. Trump says coerces U.S. companies to fork over technologies and subsidizes Chinese firms to expand globally. Using tariffs to make it more expensive for companies to export from China, Trump trade warriors figure, will encourage foreign firms to take their know-how out of the country."
"They include reducing the role of state-owned firms in China’s economy, allowing U.S. firms to get majority stakes in businesses in China and dropping pressure on U.S. tech firms to reveal their secrets. These are the types of changes that China finds most difficult to accept."
"A longer trade war would also force foreign firms to reconsider their global supply arrangements"
"Even if Mr. Trump should lose the 2020 election, he figures, tariffs could remain in place."
"“Both parties are anti-China, and that’s the way protectionism works,” he said."
Yuge problems may take longer to resolve....
Stealing technology, ignoring patents, corporate espionage—all these things must be addressed in addition to tariffs.
I’m cool with it.
I hope, for the President’s sake, that the author is wrong and that a year from now this thing will be in the rear view mirror. Most people in agriculture are being patient right now, but if nothing has changed a year from now or before 2020 this part of the base is going to start feeling like they’ve been kicked to the curb.
Immediate double all tariffs. If they are currently 0 make them 100%. Screw China. We don’t need them to build their army with all those Walmart dollars. I hate Chinese crap. Please someone build it anywhere else.