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Great article. Â
China plays it coy.Â
Trump recognizes it. Â You have to get it right with trade. You have to be a protectionist.Â
https://www.breitbart.com/politics/2019/...precedent/
Personally I wish we limit our trade with them somehow. Don†t need your junk or counterfeit items. We can build it ourselves.
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We could assemble a lot of stuff ourselves, but at much higher cost. Another option is to help further develop places like Vietnam and Korea who already produce many of the same things at low cost.
China doesn't have an electorate clamoring for free stuff all the time.
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Fi manufacturing is not labor intensive and technology has changed the game then I think the US can compete even with higher labor costs. Sure we could buy more from other countries. I always thought why can Mexico and Central America can get into that game if production to compete with China Brazil or India.
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(02-21-2019, 09:22 AM)BigDroppa Wrote: Great article. Â
China plays it coy.Â
Trump recognizes it. Â You have to get it right with trade. You have to be a protectionist.Â
https://www.breitbart.com/politics/2019/...precedent/
Personally I wish we limit our trade with them somehow. Donâ€t need your junk or counterfeit items. We can build it ourselves.
In reality, all democracy-loving people should boycott them.
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(02-21-2019, 11:47 AM)cincydawg Wrote: China doesn't have an electorate clamoring for free stuff all the time.
The pitfall of democracy.
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https://www.breitbart.com/radio/2019/02/...officials/
Not so sure that Mnunchin is not on top of things. But Lighthizer seems like he†s crafting some good trade talks and frameworks.
Chang
The really big issue here is China†s theft of U.S. intellectual property, and this is to the tune of about $300 to $400 billion a year,†stated Chang. “Some say a little bit more. Some say a little bit less, but we†re talking hundreds of billions of dollars each and every year, and this is a mortal wound on the U.S. economy.â€
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Rubio
Exec Sum
1. Nations desire high-value, high-labor content production, and compete for industries and innovations that drive it. In a world of state competition for valuable industries, a domestic policy of neutrality is itself a selection of priority. “Not choosing†is a choice, however it is made. The critical policy consideration, then, is not whether states should organize their economies, but how they should be organized.
2. The Chinese governmentâ€s whole-of-state industrial planning provides an extreme example of the inevitability of economic decision-making. National priorities exist prior to international law. International organizations may provide a mechanism to limit the negative externalities of pursuing these priorities, but they do not eliminate their underlying cause.
3. Existing characterizations of “industrial policy†do not apply cleanly in the 21st century. Economic organization does not require picking “winners and losers†or protectionist self-sufficiency. Dynamism and exposure to the global economy can also be priorities of economic decision.
4. The goal of American economic policy should be to benefit working Americans and the families their earnings support. Taking this goal seriously requires making a priority of its secondary implications. For example: manufacturing generally provides more stable employment than services, and geographic proximity to large production facilities encourages small business dynamism.
5. The “Made in China 2025†industrial plan, which targets 10 high-value industrial sectors for global dominance, demonstrates that the Chinese government is doing more than merely “breaking the rules,†it is seeking to set new terms for international economic competition.
6. Evaluating the “Made in China 2025†plan should contribute to the American economic policy framework in two main ways. First, assessing the planâ€s particular goals and progress toward them can identify areas for defensive action. Second, comparing areas of Chinaâ€s success to Americaâ€s relative decline can help identify areas for creative reform.
7. A common defense of expanded trade with China is that the U.S. would maintain or increase its position on the high end of the value chain, while China would supply the U.S. with lower-value inputs. This has not happened for the U.S. economy as a whole. In important areas, China has moved up the value chain relative to the U.S.
8. China has made gains vs. the U.S. in high-value sectors by various measures. Importantly, this has occurred in global export markets, which involve large scale and competition. China has significantly increased its export share of global markets since 2001 and aims for continued growth by this measure in the “Made in China 2025†plan.
9. Though its goals and progress vary, China has demonstrated clear success in information technology, shipping, and energy and power generation, while investing in large-scale projects in aerospace, vehicles, and robotics.
10. U.S. policy should respond to the practical and political economy challenges of the “Made in China 2025†plan. This includes enacting strategic U.S.-China capital flow restrictions and corresponding defensive measures for domestic industries targeted by the plan. It also means prioritizing new economic development, including encouraging physical investment and discouraging un-productive arbitrage through the tax code, and utilizing development assistance like the Small Business Investment Company and Small Business Investment Research programs. Finally, it means considering labor market stabilization policies to support Americans†attachment to the labor force and accumulation of valuable skills.
6
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Protectionism.
Trump is a protectionist which is great.
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(02-22-2019, 05:18 PM)BigDroppa Wrote: Rubio
Exec Sum
1. Nations desire high-value, high-labor content production, and compete for industries and innovations that drive it. In a world of state competition for valuable industries, a domestic policy of neutrality is itself a selection of priority. “Not choosing†is a choice, however it is made. The critical policy consideration, then, is not whether states should organize their economies, but how they should be organized.
2. The Chinese governmentâ€s whole-of-state industrial planning provides an extreme example of the inevitability of economic decision-making. National priorities exist prior to international law. International organizations may provide a mechanism to limit the negative externalities of pursuing these priorities, but they do not eliminate their underlying cause.
3. Existing characterizations of “industrial policy†do not apply cleanly in the 21st century. Economic organization does not require picking “winners and losers†or protectionist self-sufficiency. Dynamism and exposure to the global economy can also be priorities of economic decision.
4. The goal of American economic policy should be to benefit working Americans and the families their earnings support. Taking this goal seriously requires making a priority of its secondary implications. For example: manufacturing generally provides more stable employment than services, and geographic proximity to large production facilities encourages small business dynamism.
5. The “Made in China 2025†industrial plan, which targets 10 high-value industrial sectors for global dominance, demonstrates that the Chinese government is doing more than merely “breaking the rules,†it is seeking to set new terms for international economic competition.
6. Evaluating the “Made in China 2025†plan should contribute to the American economic policy framework in two main ways. First, assessing the planâ€s particular goals and progress toward them can identify areas for defensive action. Second, comparing areas of Chinaâ€s success to Americaâ€s relative decline can help identify areas for creative reform.
7. A common defense of expanded trade with China is that the U.S. would maintain or increase its position on the high end of the value chain, while China would supply the U.S. with lower-value inputs. This has not happened for the U.S. economy as a whole. In important areas, China has moved up the value chain relative to the U.S.
8. China has made gains vs. the U.S. in high-value sectors by various measures. Importantly, this has occurred in global export markets, which involve large scale and competition. China has significantly increased its export share of global markets since 2001 and aims for continued growth by this measure in the “Made in China 2025†plan.
9. Though its goals and progress vary, China has demonstrated clear success in information technology, shipping, and energy and power generation, while investing in large-scale projects in aerospace, vehicles, and robotics.
10. U.S. policy should respond to the practical and political economy challenges of the “Made in China 2025†plan. This includes enacting strategic U.S.-China capital flow restrictions and corresponding defensive measures for domestic industries targeted by the plan. It also means prioritizing new economic development, including encouraging physical investment and discouraging un-productive arbitrage through the tax code, and utilizing development assistance like the Small Business Investment Company and Small Business Investment Research programs. Finally, it means considering labor market stabilization policies to support Americans†attachment to the labor force and accumulation of valuable skills.
6
Yet not a peep from the sjw's types who claim the rich in the US stole the poor's labor and ideas.Â
The same types would probably welcome China's Social Credit System, so they can rat our neighbors and make up stuff on perceived enemies.
The America, and the American Military, that you once knew is gone.
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On Monday, March 5th, the U.S. Customs and Border Protection (CBP) announced that it, along with U.S. Immigration and Customs Enforcement (ICE), had seized a record number of counterfeit and pirated products which violated intellectual property rights last year. Collectively, CBP and ICE seized a total of 34,143 shipments of goods during 2017â€s fiscal year, an increase of 8 percent over the total number of counterfeit shipments seized during 2016. About 90 percent of the shipments seized were in the express carrier and international mail environments. According to the law enforcement agencies, the total estimated manufacturers†suggested retail price (MSRP) for the genuine versions of those good reached $1.2 billion.
Cooperation between CBP and ICE also led to a total of 457 arrests during 2017. Additionally, ICE obtained another 288 indictments with 242 convictions related to IP crimes. Nearly half of all counterfeit seizures (48 percent) were for infringing goods which were sent from China. The 16,538 Chinese shipments seized by CBP and ICE would have had a total MSRP value of $554.6 million if the goods were genuine. The nation responsible for the second-largest total of seized shipments of counterfeits was Hong Kong; that country was responsible for 13,357 seized shipments, 39 percent of all such seizures, with a total MSRP value of $386.2 million. The full statistics on counterfeit seizures indicate that third-place India was only responsible for 1 percent of shipments seized.
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This news on China as the single largest source of counterfeit goods shipped to the United States comes as the U.S. government is pursuing an investigation into deceptive IP practices in China. The investigation, authorized under Section 301 of the Trade Act of 1974 and conducted by the office of U.S. Trade Representative Robert Lighthizer, will likely shed light on how such a large number of counterfeit goods are being shipped by Chinese entities to consumers in America. It could also uncover evidence substantiating claims of the enforcement of joint venture tech transfer rules which violate Chinaâ€s obligations as a member of the World Trade Organization (WTO). Interestingly, last year also saw Chinese IP courts hand out the largest ever damages award for trademark infringement in that country, so it appears that the Chinese government is willing to turn a blind eye to counterfeits being sold by domestic firms to other countries while also signaling stronger IP enforcement activities within China.
“The illegal importation and distribution of counterfeit goods not only threatens the economy, but also presents significant health and safety hazards to consumers and funds international criminal organizations involved in forced labor, drug trafficking and other illicit activities,†ICE Deputy Director Thomas D. Homan was quoted as saying in a press release on the news. This is a viewpoint which is reinforced by the fact that 12 percent of all counterfeit goods seized were health, safety and security-related merchandise. Such counterfeits put consumers at increased risk of harm than they would be subject to had they purchased the genuine versions of those goods. Of the health, safety and security products seized during 2017, 34 percent of such goods were personal care items, followed by sunglasses, which accounted for 31 percent of such counterfeit goods. Pharmaceuticals only accounted for 6 percent of health, safety and security goods seized in 2017; the previous year, pharmaceuticals, which was combined with personal care goods, accounted for 64 percent of all such counterfeits.
The largest category of counterfeit goods seized was apparel and accessories, accounting for 15 percent of all seized goods. Although apparel and accessories accounted for the largest percentage of actual goods seized, such counterfeits only accounted for 6 percent of the total MSRP value of seizures. Watches and jewelry accounted for $460 million worth of counterfeit goods, 38 percent of the total MSRP value of goods seized. Handbags and wallets followed in second, accounting for nearly $235 million in MSRP value, or 19 percent of the total value of seizures. In the handbag industry, commentators have noted that counterfeit production often happens in the same factories where genuine handbag articles are also fabricated. Consumer electronics ($85 million MSRP, 7 percent of total) as well as labels and tags ($81 million MSRP, 7 percent of total) followed in third- and fourth-place, respectively.
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F ICE and CBP , we need to defund those racist !
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(02-22-2019, 08:17 AM)K9Buck Wrote: (02-21-2019, 11:47 AM)cincydawg Wrote: China doesn't have an electorate clamoring for free stuff all the time.
The pitfall of democracy.
The pitfall of allowing people with no skin in the game to vote.
"Hightop can reduce an entire message board of men to mudsharks. It's actually pretty funny to watch."
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Rubio on economic threat of China
