U.S.: China "falsified" free trade threatens the world

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Commerce Minister Rose Denies Raising the Trade Widow but "Fights China's Protectionism"


Following Washington's announcement of a new trade relief tariff this week, U.S. Commerce Secretary Rose at the World Economic Forum in Davos, Switzerland, criticized China for being a long-term disguised under the banner of "free trade." However, "A high degree of protectionism." The United States has not set off a trade war, but instead is a direct threat to China's protectionism and high-tech products. U.S. President Trump will also make a speech at the WEF today, stating that "U.S. priority" can coexist with globalism and that the United States seeks more fair and mutually beneficial trade with the allies.
  • U.S. Secretary of Commerce Rose attended the World Economic Forum in Davos, Switzerland, criticizing China's long-term disguise under the banner of free trade but adopting a "high degree of protectionism," arousing fears of the threat of U.S. and U.S. security threats and unfair competition. (Reuters)
Rose, speaking at a seminar where both WEF, a business leader and WTO Secretary-General Azvido, attended the meeting, said: "China has been playing for a long time, is good at advocating free trade rhetoric, and is even more highly protectionist First-rate "high-tech ambitions under the" Made in China 2025 "program will be" the next challenge area. "

China's high-tech ambitions sparked unfair global competition

China has pushed for the creation of 10 high-tech manufacturing industries by 2025, at least 150 billion U.S. dollars in the semiconductor industry over the past 10 years and hundreds of billions of U.S. dollars in financing in the next five years to assist industries such as robotics, Renewable energy, new energy vehicles and other developments, triggering the threat of the United States and the United States national security and unfair competition concerns.
Rose criticizes that China's goal of making the 2025 program is to become a world-class leader and grab a huge market share in "almost all the new technological areas you read." This is a "direct threat." China It is not just a matter of overcapacity in traditional industries, through the transfer of technology, lack of respect for intellectual property rights, commercial espionage and all kinds of bad behavior to achieve this immediate threat. Rose said: "Our protectionism is indeed the lowest, and unfortunately the U.S. trade deficit reflects this." The United States did not try to set off a trade war with the Great Depression and just wanted to create a level playing field. The U.S. Congress passed the Smoot-Hawley Tariff Act in 1930 to raise the tariffs on more than 20,000 imported goods.

Trump present speech that U.S. priority and globalism can coexist

Trump's speech at WEF today will seek to convey the U.S. trade message and be closely linked to globalism and multilateralism. Cohen, the White House's chief economic adviser to WEF along with Trump, said: "The U.S. priority is not America's isolation." As the United States grows and the world grows, the United States is part of the world and vice versa. Trump believes it. Trump will be the first U.S. president to have participated in the WEF for nearly 18 years after former President Bill Clinton and will fine-tune the economy after a year in which he will grow robustly. The jobless rate will fall and the stock market rise so as to prove that the outside world has done bad to his economy The forecast is "wrong" and invited enterprises to invest in the United States, asking the U.S. enterprises to remit overseas profits.

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