Tuesday, May 1, 2018

Zero Hedge — White House Pushes Beijing To Roll Back "Made In China 2025" Initiative


US begins engagement in economic warfare against China.
Just hours after the White House revealed that it had extended exemptions on aluminum and steel import tariffs from the European Union, Canada, Mexico and several other countries, Nikkei reported Tuesday evening that China has presented the Trump administration with a plan to boost imports of aircraft, semiconductors and natural gas from the US to try and reduce its massive trade surplus.
However, Chinese officials are less enthusiastic about Washington's demands that it scrap its "Made in China 2025" initiative to bolster high-tech manufacturing in several key sectors. 
Fat chance China falls for it. Let's see what happens next.

Zero Hedge
White House Pushes Beijing To Roll Back "Made In China 2025" Initiative
Tyler Durden

7 comments:

Matt Franko said...

So now a request for balanced trade is “economic warfare!” ?????

By that logic Ramanan is the new Hitler......

Tom Hickey said...

So now a request for balanced trade is “economic warfare!” ?????

Did you read the above?

The US is demanding that China not compete with the US and its allies in advanced technology.

That has zero to do with trade. It is economic colonialism and that can only work based on a threat.

Matt Franko said...

They are negotiating Tom, they are not the Obama people...

Tom Hickey said...

The latest from Mattis is that the US is NOT leaving. In fact, the US is digging in for the long haul.

Tom Hickey said...

Wake me up when Trump fires someone.

Matt Franko said...

He fired Flynn, McMaster, Comey, Spicer, Cohen, Tillerson, maybe others...

Tom Hickey said...

He fired Flynn, McMaster, Comey, Spicer, Cohen, Tillerson, maybe others..

All political people. Nobody in the military.

It was the military that blew up the Obama/Kerry deal. It's the military that is contradicting DJT on getting out of Syria.