Slashdot Mirror
Trump Officials Planning Escalation of US-China Tech Trade War (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: The Trump administration is looking to widen its trade war with China by restricting Chinese access to U.S. technology, according to reports from the Wall Street Journal and Reuters. "The Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying companies involved in what the White House calls 'industrially significant technology,'" the Wall Street Journal says. A separate proposal would institute beefed-up export controls preventing Chinese companies from buying these technologies from U.S. firms. The policies could be announced as soon as this week, the Journal says. In the past, the Trump administration has blocked multiple attempts by Chinese companies to buy U.S. semiconductor firms and imposed a sweeping export ban on Chinese smartphone maker ZTE after ZTE was caught selling U.S. technology to Iran and North Korea -- though the administration recently lifted the ban.
Q: We are "protecting an industry" from whom exactly?
A: Other companies who can provide the same or better service for the same or better price.
Q: And how are we doing that?
A: By raising taxes so that the consumer has to pay more for products.
Q: Then we are not generating jobs or products, we're simply transferring wealth from one group (certain consumers) to another group (certain businesses and industries), right?
A: Exactly.
No, dumbshit. The opioid epidemic in the Trump states is home grown.
https://www.theguardian.com/us...
https://www.theguardian.com/us...
You are welcome on my lawn.