@Anonymous wrote:
About the only thing I agree with Trump on is that China maybe guilty of Intellectual Property theft.
This was always likely to be a side effect of cheap contract manufacturing as not everyone is honest and if you are sending schematics to a third party and saying build this as cheaply as you can someone is going to say 'we can build our own version of this and earn a good margin'
In the West we have robust IP protection laws but of course China won't really give a stuff about these as the Communist Party just wants to stay in power and to do that it needs to keep the revenue rolling in.
There may indeed be some legitimate security concerns but Trump is happy to put these on the back burner if it gets him elected again.
I still find it amusing he believes that the Chinese were paying the tariffs.
Exactly that. All these companies were encouraged by governments to offshore for a) greater profits and b) "bring high quality jobs" to the home country by offshoring in the name of globalisation.
The latter, an outright lie as all it meant was that companies just offshored the lot since it was cheaper and the ones at the top get to have larger bonuses. Of course our government then realised that the tax receipts were less so the obvious thing to was increase taxes to cover which in turn makes it more expensive to hire people due to the tax burden enforced on companies e.g. National Insurance and now the Pension scheme.
