The screws tighten on China

American Thinker ^ | 01/21/2019 | By Peter Skurkiss

[SeekAndFind]

A quick survey of news from around the world show the screws are tightening on China.

First, news broke that Chinese tech company Huawei is now likely to face a criminal probe for stealing trade secrets from T-Mobile. This case is the result of civil lawsuits files against Huawei, primarily one where a Seattle jury found the Chinese company guilty of misappropriating robotic technology from T-Mobile. Although the judgement was a modest $4.8 million, it set a precedent for the Justice Department to use Huawei's behavior that was previously outlined in civil lawsuits as a basis for possible criminal prosecution.

Second, Chinese trade negotiators have offered a deal to go on a six-year buying spree to ramp up imports from the U.S. with a combined value of over one trillion dollars over that period. This will, it is claimed, reduce the trade deficit to zero. So far, the Trump administration is cool to the offer for being not enough and not addressing the matter of intellectual property theft. Also, there is concern regarding what the Chinese might want to buy. Advanced technologies would be off the table. There is also constant concern about China keeping its promises. So for, the Red Dragon's record is not good.

Third, the U.S. campaign to shut Huawei out of Western markets took another step forward when it was reported that Germany is considering banning Huawei products from its coming 5G networks over security concerns. If Berlin follows though, it will be a major blow to Huawei and would affect 3G and 4G networks, too. Germany is one of that company's largest market outside of China with Dusseldorf being Huawei's European headquarters.

Fourth, the European Union has set trade restrictions on steel imports in the form of quotas on 26 steel categories

[SeekAndFind]

These are not unrelated events. Nor will this be the end of them. They're happening because of one Donald Trump. It's not that the president told the EU to restrict Chinese steel or called Poland to arrest the Huawei executive. Trump isn't micromanaging. What he's doing is more effective. Leading by example, he has initiated a paradigm shift in how others look at Chinese misbehavior. Prior to Trump taking strong exception to China's mercantile trade practices and intellectual property thefts, Chinese agents more or less skipped uninhibited throughout the West, picking up whatever goodies they could. A greased palm here, a bought politician there, and before you know it, hundreds of billions of dollars a year of intellectual property and technology was flowing into China.

Now that the Alpha Dog has bared his teeth to the Red Dragon, others are finding the courage to demand fairness in their China trade. There is no other way to look at the situation but to conclude that China's free ride is rapidly ending. This will force Chinese President Xi Jinping and the rest of his communist leadership to focus more on how to manage their country's astronomical debt, capital outflow, poverty, and upside-down demographic than trying to take America's position in the world.

[conservatism_IS_compassion]

Bump.

[House Atreides]

“...Second, Chinese trade negotiators have offered a deal to go on a six-year buying spree to ramp up imports from the U.S. with a combined value of over one trillion dollars over that period. ...”
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If we are STUPID enough to believe the Chinese on this and remove (or not increase) tariffs on Chinese goods, we’ll find out later that the Chinese promises are just like Democrats’ promises to Reagan (give us Amnesty and we’ll give you border security) —- empty promises.

We should believe neither the Chinese or the ‘RATS.

[onedoug]

Oh... And run an aircraft carrier battle group right up their red chinese assets in the “East Sea”. Repeatedly!

[existentially_kuffer]

>>>There is no other way to look at the situation but to conclude that China’s free ride is rapidly ending. This will force Chinese President Xi Jinping and the rest of his communist leadership to focus more on how to manage their country’s astronomical debt, capital outflow, poverty, and upside-down demographic than trying to take America’s position in the world.

Dang, this is pure Trump in action & not one bullet shot! Love this guy.

[DannyTN]

And Bloomberg continues to pump out daily “Woe is China” articles, even as the trade deficit with China hits an all time high.

[Ancesthntr]

“Now that the Alpha Dog has bared his teeth to the Red Dragon, others are finding the courage to demand fairness in their China trade.”

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You got that right. We (meaning the entire developed world) were on the cusp of handing over economic superiority to the Chinese because no one had the guts to oppose them. Well, finally someone did, and that someone leads the policy-making body for the country with the world’s largest economy and the world’s reserve currency. Combine that with a thoroughly Socialist economy (minor bits of capitalism notwithstanding - it is more mercantilist than anything else), and the Chinese and Communist penchant for lying their asses off about anything and everything, and the results that we are seeing were inevitable.

Please, President Trump, keep the screws turned tight on Red China!

[jdsteel]

And Bloomberg continues to pump out daily “Woe is China” articles, even as the trade deficit with China hits an all time high.

As explained before, imports surged to beat the appproaching tariffs. Now that tariffs are here new orders have drastically fallen.

Ask yourself which impacts their current GDP.