Piracy ? Pot, kettle ?
The US rise to industrial per-eminence, if not dominance was predicated upon it's "failing" to have any patent or copyright protections in place in the late 1800s early 1900s. Maybe that's where China got the idea from ?
US President Donald Trump is threatening to tack import duties on $267bn of imported Chinese tech gear and other goods – on top of the $200bn already planned. The President told reporters aboard Air Force One on Friday that he may expand his proposed tariffs as part of his ongoing trade war with China in which the two nations …
The beatings will continue until productivity improves. The USA simply cannot afford to lose all manufacturing capability just so consumers can enjoy low prices. We have to make products here. This is a strategic imperative. Past administrations were prepared to destroy the country but the present one is on a different course. That's why we elected him!
It is possible Trump will be saved by bots and automation where it is cheaper to have the bots in the US than in China. Not many jobs will be left but there will be some maintenance etc. And there will be less trade leaks and stolen trade secrets etc.
And for all the beating about Trump, it does look like we will have to look seriously at basic income also in Europe.
Many people have figured out that these tariffs don't really do much except act as a form of Federal sales tax. They might encourage local manufacturers but often they're used to disguise an inefficient high cost local source (for example, most newsprint comes from Canada but at the insistence of the sole US manufacturer tariffs were put on Canadian newsprint so the local manufacturer could keep its prices high).
The US is a big market but it only represents about 10% of global trade. If we in the US just stopped buying taxed items then its the local distributors and value added manufacturers that will feel the impact. Overseas suppliers will just find alternative markets. (...and since we're interfering with overseas trade thanks to sanctions policies they've got a huge interest in not using dollars).
Still, I suppose its one way to redress the deficit introduced by the tax cuts. You could say that the way that things are going the only import that's not going to be taxed is money.
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