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Tech Group Urges US To Recruit Allies To Take on China, Not Tariffs (venturebeat.com)

Posted by msmash on from the tread-softly dept.

A trade group representing top technology companies on Monday told U.S. Treasury Secretary Steven Mnuchin that it opposes the Trump administration's focus on tariffs to try to change China's unfair trade practices. From a report: The Information Technology Industry Council said in a letter to Mnuchin that it supports the Trump administration's "Section 301" investigation into China's abuses of intellectual property, but instead of tariffs, it advocates a U.S.-led international coalition to put pressure on Beijing. "Our opposition to tariffs is pragmatic. Tariffs do not work," wrote ITIC President and CEO Dean Garfield. "Instead of tariffs, we strongly encourage the administration to build an international coalition that can challenge China at the World Trade Organization and beyond," Garfield added. "Numerous countries share the United States' concerns about China and its unfair trade practices. The United States is uniquely well-situated to lead that coalition."

6 of 186 comments (clear)

  1. Draw a Red Line in the sand by tomhath · · Score: 4, Funny

    we strongly encourage the administration to build an international coalition that can challenge China at the World Trade Organization and beyond

    That's worked so well in other places.

  2. If they don't work by Anonymous Coward · · Score: 3, Interesting

    then why does China have tariffs on the US? And why was the slashdot hivemind so pro-tariff a couple of years ago?

  3. Yeah, whinning is more likely to work by losfromla · · Score: 3, Interesting

    I absolutely loathe drumPft, everything about him, from his absurd "hairstyle" to his voice, diction, "policies", etc.

    However, I favor sanctions. We should sanction smartly though to protect our high tech manufacturing industries. So we could be a powerhouse like Germany, which protects its industries. China protects its acquisition of technology, why shouldn't we also work to help our industries?

    This "Tech Group" sounds like they favor inaction and ineffective whining because, apparently, they have more to gain by importing Chinese goods than by helping strengthen the American middle class. Damned blood-sucking corporatist vampires.

    --
    Only I can judge you.
    1. Re: Yeah, whinning is more likely to work by Type44Q · · Score: 3, Insightful
      We should just keep pissing away our wealth in the way of trade imbalances because it's too late to do anything about it.

      Except it clearly isn't, or the Chinese wouldn't be trying so hard to convince us otherwise.

  4. Re: What is an unfair trade practice? by Type44Q · · Score: 3, Insightful
    Communism is all well and good when it's voluntary and at a local level (i.e. neighbors digging a shared well). History shows, however, that if it requires the pointing of a gun to implement it, there's nothing fucking communal about it at all; it just becomes another form of feudalism, albeit with Kommissars instead of Lords and Barons.

    And your silly notion of "The Collective" doesn't fucking exist: human beings -are individuals.

  5. China already losing, soybeans bought by Europe. by bongey · · Score: 3, Informative

    China add tariffs to US soybeans has done nothing but harm China. Europe bought up all beans China would have been buying. LOL https://www.reuters.com/articl...