{"id":11746,"date":"2019-05-15T16:12:19","date_gmt":"2019-05-15T16:12:19","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/how_to_win_the_50-year-old_china_trade_war.html"},"modified":"2022-10-14T18:29:00","modified_gmt":"2022-10-14T22:29:00","slug":"how-to-win-the-50-year-old-china-trade-war","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/how-to-win-the-50-year-old-china-trade-war.html","title":{"rendered":"How to Win the 50-Year-Old China Trade War"},"content":{"rendered":"<p><a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/uploads\/china%20facory%201.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/assets_c\/2019\/05\/china facory 1-thumb-500x333-17115.jpeg\" alt=\"china facory 1.jpeg\" width=\"500\" height=\"333\"><\/a><\/p>\n<p>Today and this week in-fact is historic &#8211; the left and right in the U.S. agree that we have a major trade problem with China.<\/p>\n<p>They agree on little if anything.<\/p>\n<p>See&nbsp;<a href=\"https:\/\/www.cnbc.com\/2019\/05\/15\/steve-bannon-and-thomas-friedman-agree-on-china-and-twitter-goes-nuts.html\">Opposites attract: Even Steve Bannon and Tom Friedman agree Trump is right to attack on China trade<\/a>&nbsp;for more.<\/p>\n<p>You may recall, we were the original canary in the coal mine &#8211; we registered a site, Lost American Jobs in 2003, before it was on anyone&#8217;s radar. We regularly detailed all the jobs being lost. Here is a <a href=\"https:\/\/web.archive.org\/web\/20030922223524\/http:\/\/www.lostamericanjobs.com\/\">snapshot<\/a> from the WayBack Machine.<\/p>\n<p>The bottom line is the following.<\/p>\n<p>China needs the U.S. while they are looking to displace U.S. leadership.<\/p>\n<p>They do not play fair.<\/p>\n<p>They will do <strong>whatever<\/strong> it takes to win.<\/p>\n<p><a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/uploads\/china%20skyline.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/assets_c\/2019\/05\/china skyline-thumb-500x283-17117.jpeg\" alt=\"china skyline.jpeg\" width=\"500\" height=\"283\"><\/a><\/p>\n<p>The solution is <strong>very very simple<\/strong>.<\/p>\n<p>The U.S. has established opportunity zones in low-income areas where low\/no tax rates have caused joblessness to plummet and wages to increase.<\/p>\n<p>We need to make all new tariffs apply for a <strong>minimum<\/strong> of ten years.<\/p>\n<p>Pass this through Congress ASAP.<\/p>\n<p>Take all or some of the funds from the tariffs and invest in public-private partnerships in opportunity zones or other similar locations for products which are targeted by tariffs.<\/p>\n<p><strong>In other words, if plastic toys now carry a 25% tariff, new U.S. factories making plastic toys are eligible for immediate funding.<\/strong><\/p>\n<p>Ten years is more than a sufficient timeline for investors to recoup investments.<\/p>\n<p>Steve Jobs said manufacturing jobs can&#8217;t come back to the U.S. because the supply-chain has moved to China. If you need millions of screws, slightly larger or smaller, you go down the street, he said.<\/p>\n<p>This chain not exist in the U.S. anymore. A ten-year investment in the U.S. supply chain, paid for by China tariffs will make China play fairly immediately &#8211; or at least agree to.<\/p>\n<p>Enforcement is a whole other issue.<\/p>\n<p>Either way &#8211; the U.S. should be funneling this tariff money back to U.S. companies immediately to protect the economy for the long run.&gt;<\/p>\n<p>Trusting our economy to adversaries who repeatedly play unfairly is not a smart way to govern or run a country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today and this week in-fact is historic &#8211; the left and right in the U.S. agree that we have a major trade problem with China. They agree on little if anything. See&nbsp;Opposites attract: Even Steve Bannon and Tom Friedman agree Trump is right to attack on China trade&nbsp;for more. You may recall, we were the<\/p>\n","protected":false},"author":44,"featured_media":11767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,1682,118],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/11746"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=11746"}],"version-history":[{"count":2,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/11746\/revisions"}],"predecessor-version":[{"id":11792,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/11746\/revisions\/11792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media\/11767"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=11746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=11746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=11746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}