The following is the continuation of the previous chapter.
To prevent ‘China manufacturing in 2025.’
Then, how does the Trump regime intend to face China?
Professor Navarro said that the background of the military rise of China is in economic power, it is crucial to reduce economic power and therefore ‘protection of intellectual property’ ‘tax reform’ ‘Correction of trade imbalance with China due to tariffs’ that are proposed by the government.
Based on the proposal of Professor Navarro, in March this year, the US Trade Representative (USTR) issued a report, pointed out that the intellectual property of US companies was unjustly deprived by China.
President Trump said that it will impose sanctioning duties on imported goods from China based on the report of the US Trade Representative (the USTR) on the 22nd. The statement insisted that the technology of the US company was robbed mainly by four means. (Omission)
The US argues that
(1) Shut-out imported goods with a high tariff, seek domestic production for foreign companies wanting to enter the Chinese market
(2) On condition that a joint venture company with a Chinese company is established, the joint venture establishes regulations that cannot sell products unless it possesses core technology intellectual property such as battery
(3) Ultimately, we cannot do business unless the technology is passed to the Chinese side. (March 25, ‘Nihon Keizai Shimbun’ electronic version)
Next, on June 9, at the central seven-party summit meeting held in Quebec, Canada (G7) Charlevoix Leadership Commemorative, keeping in mind the Chinese mainly departing from the international trade rules, list the compulsory technology transfer, etc. We have decided to ‘create new rules’ for rectification.
On June 19th, the White House issued a report entitled ‘Economic Invasion of China, Threatening the Technology and Intellectual Property of the United States and the World’ and pointed out that enormous damage raised by unfair practices in China will affect only the United States but ‘the whole world.’
What is destroying free trade is that China is continuing its unfair trade practices.
After all, China's Xi Jinping administration published the concept of ‘China production 2025’ in 2015, it is trying to establish Chinese hegemony in major technical fields.
For that reason, China is trying to deprive foreign advanced technologies with no concern of how his act looks like.
To prevent the ambition of this Xi Jinping, Trump administration has announced a thorough investigation, on July 6, after having dipped to ally the industrialized countries summit, 34 billion US dollars, the Chinese products of equivalent about 3 trillion 700 billion yen It announced that it will impose an additional tariff of 25% and started the US-China trade war.
This sanction tariff on China will also damage US consumers.
When sanctioning duty is applied, the price of foods and clothing items imported from China rises, and consumers are in trouble (Actually, even if sanctioning tax is used, since the dollar became high Yuan registered a lower value, tariffs are offset by foreign exchange and do not adversely affect consumer price so much).
And if consumer prices rise and life becomes painful, we cannot win the election.
This draft continues.