| | | w/r to tariffs, I believe it is now a non-issue if, and that is a big if, below article is correct
because the entire issue of 'forced technology transfer' is a figment of deep-state Neo-con / Neo-lib imagination, in accordance to analysis I know is true Message 32134163
<<Then there is the red herring emphasized in the Section 301 report published by the US Trade Representative (USTR) in March 2018, which provides the foundational justification for tariffs levied on China: forced technology transfer between US companies and their Chinese joint venture (JV) partners. The key word is “forced,” which implies that innocent US companies that enter willingly into contractual agreements with Chinese counterparts are coerced into surrendering their proprietary technologies in order to do business in the country.
To be sure, JVs obviously entail a sharing of people, business strategies, operating platforms, and product designs. But the charge is coercion, which is inseparable from the presumption that sophisticated US multinationals are dumb enough to turn over core proprietary technologies to their Chinese partners.
This is another shocking example of soft evidence for a hard allegation. Incredibly, the USTR actually admits in the Section 301 report (on page 19) that there is no hard evidence to confirm these “implicit practices.” Like the IP Commission, the USTR relies instead on proxy surveys from trade organizations like the US-China Business Council, whose respondents complain of some discomfort with China’s treatment of their technology.>>
the functionaries are teeing up a red herring, acting tough, and setting up to win a red herring.
if below article is pointing out the truth, that <<
Trump Threatened Tariffs After Hearing of Chinese Reversal ... forced technology transfer>>
... then the trade deal is done, as good as signed.
or we can adopt the view spun by cretins, twits, morons, dullards, and Neo-lib / Neo-cons, that trump is going to crater his win 2020 by trying win a pointless red herring served up by the same cretins, twits, ... etc etc
https://www.bloomberg.com/news/articles/2019-05-06/trump-said-to-threaten-tariffs-after-hearing-of-chinese-reversal
Trump Threatened Tariffs After Hearing of Chinese Reversal, Sources Say
Jenny Leonard
Donald Trump’s top trade negotiator told him that Beijing was back-tracking on a trade deal following a round of talks last week, angering the president and leading him to threaten on Sunday to raise tariffs on Chinese goods, according to people familiar with the matter.
In talks last week in Beijing, Chinese officials told their U.S. counterparts they would not agree to a trade deal that required changes to Chinese law, the people said. China had previously agreed to change its laws in the text of the deal, they said.
The change has major implications for provisions of the deal aimed at ending a Chinese practice of forcing U.S. companies seeking to do business in the country to reveal proprietary technologies and other intellectual property.
The U.S. side, led by Trade Representative Robert Lighthizer, thought that issues around what’s known as forced technology transfer were resolved and considered the Chinese position on changing its laws to be an attempt to renegotiate, the people said. Lighthizer was angered by the move and briefed Trump.
The president then issued a pair of tweets on Sunday criticizing China and threatening to raise tariffs on about $200 billion in goods to 25 percent from 10 percent.
The people familiar with the matter asked not to be identified because the China trade talks are sensitive and have been conducted in secrecy. But official readouts last week from the U.S. and Chinese governments that depicted the latest round of talks in Beijing as productive were overstated, the people said.
Trump’s trade negotiators weren’t particularly surprised by his tweets, the people said. The White House didn’t immediately comment.
A new round of trade talks are expected this week in Washington, but it is unclear whether the Chinese government will send top officials following Trump’s tweets. A Chinese foreign ministry spokesman said on Monday that a delegation would still travel to Washington but would not say when.
Global equities tumbled and Treasury futures climbed following the tweets, which set back investor confidence the U.S. and China would soon resolve their trade war.
The S&P 500 Index fell as much as 1.6 percent on Monday before paring losses. The tweets did considerably more damage in China, where the Shanghai Composite Index sunk 5.6 percent on Monday for its steepest drop in three years, even after state-backed funds were said to step in to cushion the blow.
— With assistance by Shawn Donnan, and Jeremy Herron |
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