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Pete Navarro, head of Trump’s White House Trade Council has just said openly that China steals IP and cheats the U.S. through currency manipulation
Pete Navarro, head of the White House Trade Council, has just said openly that China steals IP and cheats the U.S. through currency manipulation. The new broom sweeps clean. Yet, it is only surprising to hear such talk because Obama would never have had the guts to confront China in this way. Indeed, China knows no bounds when it comes to cheating the U.S. and they are obviously proud of it.
Listen to what Pete Navarro is saying about China and how they operate.
“We’ve got tremendous dumping of steel into our country and aluminum into our country – all manner of products being sold in our country at below cost, stealing American jobs or depressing wages,” he said
Navarro promises to take early, aggressive action against such dumping.
On currency cheating, Navarro says:
“The biggest problem with China is its cheating and its currency problems. The cheating we just can’t abide by, and the cheating is pervasive.”
On IP theft, Navarro says: “It’s not just the fact that they dump into our markets things like steel and aluminum. It’s also the fact that they steal all of our intellectual property. This is a very serious matter.”
Read More: conservativedailypost
Posted by Alex Durig | Feb 1, 2017