Why Chinese Tariffs?
Why Chinese Tariffs?
Here’s the simple answer: China steals between $225 billion and $600 billion in intellectual property from The United Sates annually. The exact figure is unknown, since the long-term effect of that theft is difficult to calculate. In fact, a substantial portion of that theft was built into our previous trade agreements with China, as a condition for allowing American businesses to do business in China. In other words, we open our doors to Chinese made goods, while China extracts a heavy toll for our doing business there. This is why you’ll see numbers as low as $50 billion and as high as $600 billion in intellectual property theft. Some of that theft is legitimized by our trade deals. Much of it isn't.
Sound fair? Not even a little.
Here’s another example: imagine you've created a new product, and you've gone through the lengthy process of copyrighting your creation, to protect it from theft. But the Chinese steal your design and pay you nothing in return. Moreover, China’s dirt-cheap labor allows them to re-produce your product for a fraction of what you sell it for. At which point they dump it back on the global market, killing your business, making you poor and them rich, using your own creation to do so.
Again, does this sound fair? The answer should be obvious.
This is how China went from having an economy the size of Spain’s, not very long ago, to being at the precipice of having the largest economy on earth. It’s also how 1.4 billion Chinese are set to have the largest military in the world within a few decades, if that. That’s why tariffs. I’m generally opposed to Tariffs. However, President Trump has recognized something long ignored by American politicians, because there’s simply too much short-term corporate money at stake.
It’s well past time to stop the Chinese from steamrolling American industry, while putting a halt to growth of the largest Communist country on earth.
That’s why tariffs.
Mark Magula
Here’s the simple answer: China steals between $225 billion and $600 billion in intellectual property from The United Sates annually. The exact figure is unknown, since the long-term effect of that theft is difficult to calculate. In fact, a substantial portion of that theft was built into our previous trade agreements with China, as a condition for allowing American businesses to do business in China. In other words, we open our doors to Chinese made goods, while China extracts a heavy toll for our doing business there. This is why you’ll see numbers as low as $50 billion and as high as $600 billion in intellectual property theft. Some of that theft is legitimized by our trade deals. Much of it isn't.
Sound fair? Not even a little.
Here’s another example: imagine you've created a new product, and you've gone through the lengthy process of copyrighting your creation, to protect it from theft. But the Chinese steal your design and pay you nothing in return. Moreover, China’s dirt-cheap labor allows them to re-produce your product for a fraction of what you sell it for. At which point they dump it back on the global market, killing your business, making you poor and them rich, using your own creation to do so.
Again, does this sound fair? The answer should be obvious.
This is how China went from having an economy the size of Spain’s, not very long ago, to being at the precipice of having the largest economy on earth. It’s also how 1.4 billion Chinese are set to have the largest military in the world within a few decades, if that. That’s why tariffs. I’m generally opposed to Tariffs. However, President Trump has recognized something long ignored by American politicians, because there’s simply too much short-term corporate money at stake.
It’s well past time to stop the Chinese from steamrolling American industry, while putting a halt to growth of the largest Communist country on earth.
That’s why tariffs.
Mark Magula