While China and the United States seem to be negotiating in an effort to avert a trade war, Washington is unlikely to relent in its determination to stop advanced technology from leaving America for China. "I think there is a growing consensus in the United States that Chinese firms should be blocked from certain types of acquisitions of U.S. firms, of getting certain types of U.S. technology," said AlexCapri, an international trade scholar at the National University of Singapore.
Rep. Robert Pittenger (R-N.C.) on efforts to shield U.S. technology from China.
United States President Donald Trump is not the first to complain about intellectual property (IP) theft by Chinese companies but ironically it was US companies’ use of China’s resources that led to the development of its powerhouse of patents.
The new measures are designed to penalize China for trade practices that the Trump administration says involve stealing American companies' intellectual property. They will primarily target certain products in the technology sector where China holds an advantage over the U.S.
China’s systematic mercantilism is a threat to the U.S. economy and the very soul of the global trading system. America cannot respond with either flaccid appeasement or economic nationalism; it must assemble an international coalition that pressures China to stop rigging markets and start competing on fair terms.
In Kelly’s view, cognification -- the process of making objects smarter by connecting, integrating sensors, and building software/artificial intelligence into them -- is the most impactful trend on the horizon, one that he details in his new book The Inevitable.
The US and China are in a high-stakes arms race for technological supremacy. Technology and innovation will determine who will dominate the modern digital economy, cyber space and defence systems for the 21st century. In an unprecedented decision, President Trump blocked Singapore-based Broadcom's proposed $US117 billion ($152 billion) takeover of chipmaker Qualcomm on national security grounds.
Qualcomm, the Trump administration argues, is needed to boost America's lead in 5G research and development. Should the San Diego chipmaker fall behind, Chinese manufacturers could fill the void in U.S. and global markets. That would be a blow for U.S. innovation, as the mass market could be beholden to foreign hardware. Worse, Beijing could have an advantage in discovering vulnerabilities in the technology that it could turn into so-called backdoors used for spying.
President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security. The decision, announced late Monday, abruptly ends Broadcom's four-month, $117 billion bid to buy Qualcomm -- a deal that would have been the largest ever completed in the technology industry.
Michael Pillsbury, Senior Fellow at the Hudson Institute and author of The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower, described the Trump Administration’s implementation of tariffs on aluminum and steel imports as insufficient measures towards curbing China’s goal of displacing U.S. geopolitical global dominance.