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Lee Jae-myung’s administration promised to ease regulations on American companies as part of a trade deal, but instead fined Coupang $410 million while fining Chinese company Temu less than $1 million for a massive data breach. This is not fair enforcement. It is protectionism that targets American businesses while...

11,669 Aufrufe • vor 1 Monat •via X (Twitter)

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Swedish Prime Minister Ulf Kristersson said China often has access to the European market in ways that European companies do not enjoy with the same ease in China. He said Europe cannot allow China to have one set of rules while European companies operate under a completely different set of rules. That is the punchline. For years, Europe has restricted or excluded Chinese companies under the language of “security.” Huawei. ZTE. Chinese telecom firms. Chinese solar products. Chinese EVs. Chinese batteries. Chinese infrastructure. Whenever Chinese companies become too competitive, Europe suddenly discovers “risk,” “dependency,” “distortion,” or “strategic vulnerability.” But when China responds with its own controls, tariffs, rare earth restrictions, or market measures, Europe starts crying about fairness. Classic. China has not banned European industrial giants from the Chinese market the way Europe has tried to politically suffocate Chinese companies. Volkswagen, BMW, Mercedes, Airbus, Siemens, BASF, Schneider, LVMH, and countless European firms have made fortunes in China for decades. China opened its market, built supply chains, created demand, and let European companies profit massively. Europe took the money. Then it blocked Chinese firms, joined U.S. containment, restricted high-end exports, attacked Chinese clean-tech industries, and now complains that China enjoys unfair access. If Europe really wants “one set of rules,” it should be careful what it asks for. Because China can play that game too. The difference is simple: Europe complains about access while using access as a weapon. China has shown restraint. Perhaps too much restraint. If Beijing treated European companies the way Europe treats Chinese companies, Brussels would discover very quickly what “same rules” actually means.

𝘊𝘰𝘳𝘳𝘪𝘯𝘦

27,677 Aufrufe • vor 2 Monaten

🚨SHOCKING: Senator Chuck Schumer passionately advocates for a 27.5% tariff on China in 2005! "It says to the Chinese that their unfair trade policies have got to end. The Chinese have enjoyed a yuge trade surplus with the U.S. Every year it gets larger and larger." "Much of that trade surplus is because the Chinese don't play fair. They don't let our goods into their country. I can tell you company after company in New York who cannot sell goods in China or can only sell them under impossible conditions." "The Chinese make no effort to prevent the ripping off of our intellectual property. These are our crown jewels. The thinking. The great creativity. The great entrepreneurialness of the American business community is just taken, and they shrug their shoulders." "And worse of all, the Chinese pile on and add unfair rules that violate free trade. And at the top of that list is the fact that the Chinese peg their currency abnormally low, so their exports get a 27% advantage here in the U.S. and our imports get a 27% disadvantage when sold in China. Every tenet of free trade, if you believe in it, says they should not peg their currency." "What does this mean for America? It means a yuge job loss. We have suffered dramatically in manufacturing jobs, service jobs, and other jobs. It means we have a huge trade deficit. It means the dollar sinks to abysmally low levels, threatening our wealth, and it creates chaos in the whole world trading system." "We are fed up, Mr. President. How can we stand by as millions of American workers lose their jobs? As thousands of American companies can't compete fairly? As our country as a whole has wealth drained from it?" "What we seek is fairness in trade. The Chinese do not play by the rules. We have talked and talked and talked to them. The time for action is now. If not now, when? If not us, who? Millions of American workers and thousands of American businesses look to us to set things right, and today, by passing the Schumer-Graham amendment, we can do that." Tagging Chuck Schumer — he’ll see your comments!

KanekoaTheGreat

1,475,067 Aufrufe • vor 1 Jahr