Washington wants to protect its ideas .. Is 'Made in China' really? Mustafa Hashim / special free site

?Washington wants to protect its ideas .. Is 'Made in China' really
Mustafa Hashim / special free site
WASHINGTON (Reuters) - US President Donald Trump plans to ban Chinese companies from investing in US technology companies and ban the export of more technology to Beijing, which hampers China's plans to become the world's center of technology under the name "Made in China 2025".
US officials complain of China's industrial policy, the lack of open markets for US goods and a $ 375 billion gap in trade balance between China and China.
According to the Wall Street Journal, Trump is expected to announce these two steps by the end of this week, "which prevents Chinese companies from benefiting from advanced US technology in the future," according to economic expert Badr Bou Rashed, told the "free website."
Rachid suggested the success of the two steps in the siege of China technology.
Plan "Made in China 2025"
The industrial plan 2025 aims to modernize the Chinese manufacturing sector to more sophisticated products, including information technology, semiconductors and aircraft, in which the United States has a very competitive edge.
During the negotiations, the US delegation called on China to stop subsidizing the high technology associated with the "Made in China 2025" plan, but the Chinese delegation felt it was unfair.
US Commerce Secretary Wilbur Ross announced last April that China's plan to become a hub for global technology was "scary" and exposed US intellectual property, describing the repeated theft of US technology as "a big problem."
He said Beijing's economic growth plan, named "Made in China 2025," sets out the country's strategy to control "every modern industry" from space to communications, robots and electric vehicles. They were the groundwork for factories in the world, and now their vision is to be the technology center of the world. "
On June 12, China's National Development and Reform Commission said it would launch a 300 billion yuan ($ 46.88 billion) fund with China Construction Bank to invest in industries including information technology, advanced equipment, new materials and new energy vehicles, Made in China 2025 ".
The Wall Street Journal, for its part, said that the US Treasury Department is currently working on rules to ban companies with at least 25 percent of Chinese shares from buying companies related to the technology industry, while the National Security Council and the Ministry of Commerce also develop plans to tighten Export controls of "technology used in industries" of China.
Economist Bader Bou Rashed says the presence of Chinese investors in US technology companies may allow them to transfer clandestine technology and expertise to China.
Rashed expects Trump to set significant US tax rates for US technology investors, especially those who will continue to invest in China because it is a secret industry and information. "
Will the US-China trade war escalate?
Washington and Beijing are apparently heading for an open trade conflict after negotiations failed to respond to US complaints about China's industrial policies, lack of access to the Chinese market and a $ 375 billion US trade deficit in 2017.
Trump aims to reduce the trade deficit between the two countries by 200 billion dollars.
"With regard to trade war, the biggest beneficiary is China because it is the least expensive in terms of manpower and low raw material prices," Rashid said.
US President Donald Trump on Friday imposed a 25 percent tariff on Chinese imports worth $ 50 billion a year to pressure Beijing to stop stealing US intellectual property rights.
"The United States can no longer allow our loss of technology and intellectual property through unfair economic practices," Trump said, explaining that such fees are necessary to prevent further unfair transfers of technology and property Intellectual property of China, and that it "will protect American jobs."
Customs duties are expected to start on the initial list of goods valued at about $ 34 billion on July 6.
But China quickly responded with "equal fees and the same force," signaling the start of a trade war between the world's two largest economic powers.
The US president on Monday threatened to charge 10 percent of the $ 200 billion worth of Chinese goods, sparking a trade war with Beijing.
Trump said in a statement that he asked the US Trade Representative to identify the Chinese products that would be subject to the new fees. He said the move came in response to China's decision to increase tariffs on US goods worth $ 50 billion.
"It is clear that China has no intention of changing its unfair practices in the acquisition of US intellectual property and technology, and instead of changing those practices, it threatens American companies, workers and farmers who have not made a mistake," he said.
Trump added that if China increases its fees again in response to the latest US move, "we will see that move by continuing to impose additional charges on goods worth 200 billion dollars."
Europeans and Chinese are holding high-level economic meetings in the Chinese capital, while both face serious economic tensions with Washington.
The EU and China, despite their differences, on Monday called on Beijing to defend the "rules" of international trade, a clear reference to the rising "protectionism" of the United States.