When Trump sits down with Xi at Mar-a-Lago & What is to be done. @lizpeek @fiscaltimes.



(Photo: Mar-A-Lago — Interior; living Room looking southwest.

Palm Beach Florida.

Image courtesy of federal HABS—Historic American Buildings Survey in Florida.

Photograph taken in 1967. This image is cropped and contrast-enhanced from the Library of Congress online collection (image #21).

Datum duben 1967

Zdroj Historic American Buildings Survey; Library of Congress HABS FLA,50-PALM,1-21)




Twitter: @batchelorshow

When Trump sits down with Xi at Mar-a-Lago & What is to be done. @lizpeek @fiscaltimes.

"...It’s not clear what the U.S. should do when Beijing patently does not respect other countries’ interests, and it’s obvious the Obama White House was confused as well. Even as they pursued trade violations and won monetary settlements, they avoided offending China’s leaders by declining to collect the monies owed.

In a recent interview with Fox Business’ Varney & Company, Ross reported that the Obama administration had failed to collect penalties assessed of Chinese companies that broke U.S. trade agreements. Ross reiterated the charge in an interview with Maria Bartiromo asserting, “Billions of dollars of countervailing duties have not been collected.” As he pointed out, given the expense and labor of charging violators, it makes no sense whatsoever not to collect.

Especially since these are high-stakes situations that have hurt Americans.

For instance, the White House charged in 2015 that Beijing’s price supports of its domestic corn, rice and wheat exceeded its WTO commitment limit by $100 billion. Our government argued that American farmers were consequently unable to compete and to sell their goods to China.

Related: The US Navy Sends a Powerful Message to Beijing in the South China Sea

A study sponsored by the U.S. Wheat Associates, a lobbying group, and conducted by Iowa State University, estimated that those Chinese price supports cost U.S. wheat farmers alone between $650 and $700 million annually.

More recently, at the urging of eight U.S. senators, the Obama White House lodged a complaint with the WTO over China’s subsidies for its aluminum industry – support that critics say includes 27 different subsidy programs, costing thousands of American jobs. Excess capacity among Chinese producers has pushed down costs worldwide and driven numerous U.S. producers out of business. In 2000, there were 23 smelters operating in the U.S.; by the end of last year, there were only five.

Not all of China’s trade cheating is so straight-forward. The Chamber of Commerce issued a report in 2014 charging that Beijing’s enforcement of its 2008 anti-monopoly law was leading to unfair treatment of American companies like Microsoft and Qualcomm, possibly in violation of WTO rules. The report said that China’s antitrust “remedies often appear designed to advance industrial policy and boost national champions [while] intellectual property rights have been curtailed.”


Mar 18, 06:21 AM
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