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Friday, February 16, 2018

Polystrate trump: US will lose economic war, waged with China

Washington is in a state of “economic war” with Beijing. To this conclusion came the chief political strategist of the White house Stephen Bannon. Thus, in his view, States can lose this war.

photo: Gennady Cherkasov

Chief political strategist of the us presidential administration Steve Bannon is confident that the United States is fighting an economic war with China. This confrontation will end the dominance of one of the powers in the global trade arena, and this is likely to be China, said Advisor to Donald trump in an interview with The American Prospect.

Bannon also expressed the view that China is just a diversion policy toward North Korea.

“It’s in all their literature. They are not shy to talk about what they do. One of us will be the hegemon in 25 or 30 years, and it will be they, if we continue to follow the same path. On the DPRK, they just distract us. This is a show,” said he.

Economic rivalry with Beijing should be the first priority in the agenda of Washington, said polystrate the White house, stressing that the United States must be maniacally focused on this issue.

The point of refraction can be completed in ten years, when competition with China will be impossible.

Presidential adviser commended the administration trump in the struggle with the practice of the Chinese side to copy the technology of American corporations operating in China. In this regard, he considers it necessary to address the President by section 301 of the trade act of 1974, which allows to impose restrictions against States not complying with international trade agreements.

Days earlier, the head of the White house Donald trump gave the order to the representative of the United States in trade negotiations to begin investigation on the facts of violation by China of intellectual property rights of U.S. companies. The President also said that “this is only the beginning”, and then the media started talking about the beginning of a trade war between the two countries.

After Chinese authorities expressed the readiness of the response, if the initiative of the American President Donald trump will complicate bilateral trade relations.


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