Listen as Larry spoke with Gordon Chang, a Daily Beast columnist and author of “The Coming Collapse of China” and “Nuclear Showdown: North Korea Takes On the World”, regarding the US-China trade conflict.
Trump’s Right to Say He’s Not Launching a Trade War With China. He’s Doing Something Bigger.
Hours ago, President Trump, acting under the authority of Section 301 of the Trade Act of 1974, instructed U.S. Trade Representative Robert Lighthizer to consider the imposition of tariffs on $100 billion of Chinese goods. These tariffs are on top of those Lighthizer proposed Tuesday on $50 billion of China’s products. All these duties are intended to remedy China’s theft of American intellectual property.
“We are not in a trade war with China,” President Trump tweeted Wednesday morning.
The president is correct. What looks like a trade war is really a struggle for the control of the technologies that will dominate coming decades. [Read More]
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