The ultimate goal, says Bannon - is not just to force China to give up its "unfair trade practices," but to "re-industrialize America" since manufacturing used to be the core of the nation's power. Bannon also criticized the "Made in China 2025" plan for Beijing to catch up with the West in 10 key tech sectors - saying that Chinese firms were relying in generous government support to reduce future technological reliance on the West.
Bannon, who claimed to have helped Trump draw up the trade war plan, said that in the past, tariffs had been limited to imports of between roughly US$10 billion and US$30 billion but the sheer magnitude of the more than US$500 billion in question this time had “caught Beijing off guard”.
“It’s not just any tariff. It’s tariffs on a scale and depth that is previously inconceivable in US history,” Bannon said.
He said Beijing had relied on “round after round of talks” to take the momentum out of the US punitive measures, but the delaying tactics would not work.
“They always want to have a strategic dialogue to tap things along. They never envisioned that somebody would actually do this.” -SCMP
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2 comments:
It should scare them. There is nothing America cannot provide for itself if it needs to. However, only freedom leads to innovation and there is none in China!
Trump has a way of escalating an issue until it becomes "negotiable." It's his thing. It's what he's good at. NOTHING like his predecessor, who gave our country's sovereignty away during his eight years in office. I love watching Trump work his craft for OUR country. Trump 2020! MAGA
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