US Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday (Sep 3) that the patience of US business was “wearing thin”, saying American companies deserved a “predictable environment and a level playing field”.
The two biggest economies in the world used to be each other’s largest trade partners, but Washington now trades more with neighbouring Canada and Mexico, while Beijing trades more with Southeast Asia.
While in China recently, Raimondo had said there was strong appetite among US businesses to make the relationship work and that, while some actions of the Chinese government were positive, the situation on the ground needed to match the rhetoric.
“China is making it more difficult,” Raimondo told CBS’s Face the Nation. “I was very clear with China that we need to - patience is wearing thin among American business. They need and deserve a predictable environment and a level playing field. And hopefully China will heed that message so we can have a stable growing commercial relationship.”
You are correct, however the purpose of the message is moreso to keep China from undercutting us on their goods and materials exported. Their government tends to help drive down the price of good sold in order to inflict harm on other country’s businesses in the same sector. It is hard to sustain a company if all your customers can get your product for artificially cheaper in China. The best way to address this is to remind China that we are customers of their businesses as well and that they would stand to lose more by not playing fairly. If we just told them to go fuck themselves and set excessive embargo taxes on their imports, which Trump did, it had a negative impact on every industry within each respective supply chain. It takes time to build new resource pipelines. Ideally, we need to have multiple sources.
The US and west has done the same crap to the rest of the world including China for like, since the beginning. We live the the country of imperial exploitation. Corporate America abandoned working America. Let them burn. The worthless parasitic billionaires must go. They put all our money in China. We are never getting it back. I can’t see one reason why this is a bad thing. Everything we make is proprietary exploitive shit that amounts to theft of ownership through DRM.