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3/27/17

China Is Catching Up To America As A Global Innovator – And US is To Blame by Ron Klink

Since his inauguration, President Trump has continued to bash China for it’s unfair trade practices.

He’s threatened to instruct the U.S. Trade Representative to bring cases against China domestically and at the World Trade Organization, to instruct the Treasury Secretary to label "China a currency manipulator, and to slap tariffs on Chinese goods.

Whether right or wrong, President Trump’s actions demonstrate that he recognizes there’s a problem and that we need to stand up to communist China. As a former member of Congress, I have come to the realization that China consistently cheats on the international stage by stealing American trade secrets, manipulating their currency, and illegally dumping subsidized products into the U.S.

However, it’s not just that China is cheating on the international stage – U.S. regulators are allowing China to play a greater role on the world stage by stifling American innovation. Changes in patent law conducted under the previous administration have made the United States a difficult place for innovators, and, thus, China is catching up to the United States as a global innovator.

Read morw; China Is Catching Up To America As A Global Innovator – And We’re To Blame | The Huffington Post

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