I'm thrilled to see DJT be the first President to have the guts to stand up to the trade dumping and stealing of US technology. The Chinese have unfairly, unethically and illegally traded with and stolen from the USA for too long. Personally, I've put a strong preference on USA companies and where feasible, USA made products. Heck, don't buy a cheap Lenovo, buy Microsoft or Apple product, regardless of where made... we'll fix where they are produced through tariffs over time.
OP- you are mixing issues. IP problems are a separate issue than trade deficit. They should be tackled separately.
How could you deal with the IP issue with China if not this way?
If the US imposes tariffs as a trade war strategy— as being done now— there will be no global support— support from other trade partners. On the other hand, if US first files all legalese in regards to IP theft and follow due process and proves it— easy to do if it exists— then US will have legit claim in imposing tarrifs with global support and China will have no legit claim to retaliate. And, it might even yield positive results; aggression does not solve any problem, most of times.
And US continues to steal resources, bomb innocent civilians, arm gangs and separatists around the world. China is an angel compared to Uncle Sam
Oof. Not sure how you can say that given what China does to its own citizens, especially its minority groups.
The Chinese aren't stealing resources, but are taking severe advantage of South American countries' resources. They buy political favor by providing money to build or develop projects that put money in the politicians' pockets and provides them political capital, but long-term, they are raveging the countries. They also treat the local labor like second class citizens in their own country. Please don't tell me it isn't so...been there and have seen it and talked to locals who confirm the magnitude.
Aren’t Microsoft and Apple products made in China as well?
Bad grammar and wrong spelling is a huge turn off
The US has acted just as unethically many times over the years. Where you see guts, I see naivete. I do not share your fondness of American made products, I prefer best-value products. To the extent China can deliver that, I'll buy Chinese. Undiscerning domestic markets are a textbook competitive disadvantage a la Porter. You are not doing your country any favors.
Hardware startups are in for an even rougher time
Ahh yes... America, the worlds golden standard when it comes to ethics... *cough*snort*
And American companies are beginning to close. *Sigh*
Which? Please be specific.
That's not how any of this works
They literally couldn't build them here at triple the cost, because there isn't enough expertise in the states. We'd have to import it all from China, which I guess is what you want? I suppose you could argue that would be preferable, except nobody would buy an iPhone that expensive. Or maybe they would, I don't know. But Apple builds their phones in China because theybar e better at building things like phones than us, not because of cost savings (hint, it isn't really cheaper)
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Tariffs today. Bailouts tomm (due to counter tariffs). More Sh!tshow
Ph.D. in economics here!