"China defends Made in China 2025 as necessary for its economic survival. It still depends on other countries for crucial goods like chips and software, and China is offering funding for homegrown labs and for entrepreneurs who hope to grab a piece of the future."
"Micron’s accusations focus on efforts by Fujian Jinhua Integrated Circuit, a state-backed chip maker, to build a $5.7 billion factory in China’s Fujian Province. Two years ago, Jinhua tapped UMC, a Taiwanese company, to help it develop technology for the factory. Instead of going through the lengthy steps required to design the technology, Micron said in its suit, UMC and Jinhua decided to steal it."
After decades of political "leadership" we finally have a president that not only isn't afraid to take on these problems but seems to relish the task.
We either make changes in how things are done with trade, or we pretty much know where we end up in the near future. How can this be more obvious?
Explain the part about insulting and lying about trade with Canada.
The only thing really new about this, is who and what is involved. China has been copying various items for a couple of decades, and marketing cheaper knockoffs.
But it's not completely their fault that we find ourselves in this situation. We've also sent jobs over there as well, since they can manufacture the same products at costs that are cheap enough to cover the cost of overseas shipping.