Trade War with China

SteelBird said:

Apparently, the one who ordered the arrest wants to derail the trade deal between the US and China. This person could be Trump's enemy, Trump's campaign or Trump himself. One question comes into my mind, is there any third party (or third country) involved in the arrest? For example a country is facing off the US feels the pressure so it wants to pull in more enemies to fight against the US? More important, what's next?

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SamuraiBlue said:

I just saw an article that the Wall Street Journal had reported that Ms. Meng was center of a case for money laundering and illegal transfer of money to a sanctioned country in which HSBC had informed the US of the situation.

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s002wjh said:

at this point who knows whats going out, there are so much mix info going on. but the fact is CFO was arrested without charged. If they have solid evidence under normal process she would be charged by now.

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In an interview with NPR's Steve Inskeep, National Security Adviser John Bolton talks about the arrest of Meng Wanzhou, scion of a Chinese telecommunications giant, natural security threats posed by China and a second summit with North Korea.

Steve Inskeep: We'll just dive right in. But I want to start with the arrest that we learned about last night and that I presume you've known about for some time. What is the message that is sent by the arrest of Meng Wanzhou?

National Security Adviser John Bolton: Well, I'd rather not get into the specifics of law enforcement matters but, but we've had enormous concern for years about ... in this country about the practice of Chinese firms to use stolen American intellectual property to engage in forced technology transfers and to be used really as arms of the Chinese government's objectives in terms of information technology in particular. So not respecting this particular arrest, but Huawei is one company we've been concerned about, there are others as well. I think this is going be a major subject of the negotiations that President Trump and President Xi Jinping agreed on in Buenos Aires.

This had been understood to involve Huawei 's dealings with Iran in some fashion. Are you saying that's not correct?

Well, I think the violations of the Iran sanctions are certainly of major concern to the Trump administration. It's one of his signature policies and I think that applies on a global basis. But with respect to a number of Chinese companies, we saw what happened with ZTE some months ago and many other issues of concern like that. And I think, as I say, as the negotiations proceed I think we're gonna see a lot about what Chinese companies have done to steal intellectual property, to hack into the computer systems, not just of the U.S. government, although they've done that, but into private companies as well.

I still don't understand, and I want to make sure that I don't come away with the wrong impression. Are you saying this is about technology transfer and intellectual property theft, or is this about Iran?

Well much of the...

This arrest specifically I mean.

Right, no, I was referring to the broader subject of our concern with Chinese companies. As I said, I don't I don't think it's appropriate to get into the specifics...

OK, understood.

of a particular law enforcement matter.

All right. Did the president know in advance that this arrest was coming?

You know, I don't know the answer to that. I knew in advance, but this is something that's, that we get from the Justice Department and these kinds of things happen with some frequency. We certainly don't inform the president on every one of them.

OK. So you knew at that dinner then over the weekend with China's president that this arrest was taking place?

Well, you know, there are a lot of things that are pending in any given time. You don't know exactly what's going to happen in terms of a particular law enforcement action, that depends on a lot of other circumstances.

OK. And just one other thing to be clear on this, and understanding that you don't want to get into all the details, but Chinese outlets, including their People's Daily, have insisted the executive broke no U.S. or Canadian law and that this is a violation of human rights. Is it correct that she broke no U.S. law?

Well, I think that's part of what's in question here, and you know she was arrested by Canadian authorities. As we speak, there are detention proceedings underway, bail hearings as we would call them, and a pending extradition request by the United States. So that is, that's part of our due process of law enforcement. And we'll see what the result of it is.

OK. Let me ask a bigger question now, ambassador, because obviously you're thinking about the broad relationship between the United States and China, thinking about it long term, thinking about it in a big way. This is a rising country with an economy that continues growing. Does U.S. national security require that Chinese economic power be limited in some way over the long term?

I don't think national security requires that at all. What I think national security does require is that whatever economic growth China is blessed with, it gets by playing by the rules. And I think the inescapable conclusion is that China, ever since, for example, it joined the World Trade Organization, has not played by the rules. I think we've got a view, whether it's in Japan or the European Union or the United States, that intellectual property is always at risk from Chinese theft and that these are the kinds of practices that are not acceptable. Whether you're a free trader or not, but maybe particularly if you're a free trader, you should not turn a blind eye when states, as a matter of national policy, are stealing intellectual property from their competitors. And obviously a government that does that, whether they're stealing the design of the F-35 fighter plane to use for their own purposes — and the latest generation of Chinese fighters looks an awful lot like F-35s — whether they're stealing the intellectual property of entertainment companies, manufacturing companies, financial services companies. That's unfair competitive advantage, and obviously the stronger the Chinese economy is, the better its ability to translate that into military force. So it's the fact that they're not beating other countries in fair competition, they're stealing from them.

Vice President Pence in a speech about China some weeks ago essentially said that the United States and the West more broadly made a bad bet. The bet was that if Western countries participated in capitalism with China, that its political system would open up, that democracy would follow. He said that bet hasn't worked out, which does seem plainly true. Do you assume that China will never open up?

No, I don't think we should assume that at all. In fact, I think a very important factor in answering that question is do we accept that they will continue to pursue mercantilist trade policies in a free trade environment and use authoritarian practices in their government to maintain control. But it's, I think the vice president was completely correct. I've heard going back years: just let the Chinese economy grow a little bit and you'll see democracy spread all through the country, that you can't have economic openness, ultimately, without having political openness. And on the basis of empirical reality, we know today that connection is far from certain.

What's your new approach then, if you can't just wait for democracy to come, what do you do instead?

Well, I think what we're gonna do, beginning in the next 90 days, as President Trump and President Xi agreed, is see if we can address some of these structural issues in China's economy. I think that would have potentially profound impact on their political structure as well. That's not what we're aiming at. But if the theory is correct, we'll see what flows from it. The main thing is to protect American jobs and American companies from the unfair treatment that they've received at the hands of the Chinese government over a long period of time.

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SDWatcher said:

There are more happening behind the scene. On the same day that Meng Wanzhou was arrested, "Zhang Shoucheng, a Chinese-American physicist at Stanford University, died at the age of 55 "after fighting a battle with depression,"". The official police record is a suicide.

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Zhang's team verified the existence of the Majorana fermion in 2017, practically waiting in line for a Nobel Prize in Physics. He is near the peak of his career, how would any "depression" have taken over?

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The Majorana fermion is a leading candidate to become a major component of a quantum computer. And his venture-capital firm is also investigated under 301.

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-fermionum-computing-scientists-have-captured-a-majorana-quasiparticle/

So the question becomes, is it suicide under depression or suicide under coercion?

And then 2 days later, ASML announced that deliveries of chip equipments will be delayed in early 2019, which also means orders to China, because of fire at a supplier.

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It is looking more and more like McCarthyism........

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China's Ministry of Commerce (MOC) said on Thursday that the ultimate goal of Sino-U.S. trade talks was to remove all additional tariffs, adding that China will hold consultation with the U.S. on issues of common concern and strive to reach consensus.

China and the U.S. have highly overlapping interests in economic and trade issues and share complementarity in structural demands, MOC spokesman Gao Feng told a press briefing.

The two sides have been communicating and cooperating smoothly, and China was confident in striking a deal with the U.S. within the next 90 days, Gao said.

China will immediately implement the consensus that the two sides have already reached, starting with agricultural products, energy and automobiles, Gao said.

"In the next 90 days, we will follow a clear timetable and roadmap to hold consultation on issues of intellectual property rights protection, technological cooperation, market access and trade balance that conform to the interests and demands of both sides, and the two sides should strive to reach consensus," Gao said.

"China has been expanding imports over the years in order to meet the Chinese people's demand for better lives and high-quality development," he said, adding that after reaching preliminary consensus on trade issues of farm produce and energy during the previous consultations, the two sides will continue to hold consultation on these issues plus manufactured goods and service trade.

The two countries, and companies from both sides, share common interests on intellectual property rights protection, fair competition and broadening market access, which are all highly compatible with China's reform and opening-up drive.

China will hold consultation with the U.S. on these issues on the basis of mutual respect, equality and mutual benefits, to create a better business environment for enterprises from both countries.

Chinese President Xi Jinping and his U.S. counterpart Donald Trump recently held a meeting at a working dinner in Buenos Aires, reaching important consensus and agreeing not to impose new additional tariffs.

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Jura said:

SDWatcher
are you insinuating ... what exactly?

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