Panel Warns of ‘Chinese Subversion’ of US Economy

5Mind. The Meme Platform
The Epoch Times Header

House Intelligence Committee member LaHood: Trump’s tariffs ‘got the attention of the Chinese’

Speakers including Rep. Darin LaHood (R-Ill.), a member of the House Permanent Select Committee on Intelligence, discussed potential costs and benefits of decoupling from China at a June 14 American Enterprise Institute (AEI) forum dedicated to countering “Chinese subversion.”

“China has a plan to replace us—but we are tied to them economically,” said LaHood, who suggested that the countries were moving toward a “Cold War mentality.”

“I’m not generally a fan of tariffs, but the tariffs that were implemented by President Trump got the attention of the Chinese,” LaHood said when asked about China’s continued financial dealings with Russia in the midst of U.S. sanctions against that country.

“There is a consensus that we can’t have business as usual—but … there is not a consensus about what to do,” said Derek Scissors, a senior fellow at AEI.

He drew attention to the economic costs of doing business with China, such as intellectual property theft.

“You’re a target just as much as you are a partner,” he said. “Xi Jinping isn’t going to leave, and he isn’t going to change.”

While Scissors struck a more aggressive tone than LaHood on the necessity of decoupling, he sounded less than hawkish on the prospect of a confrontation on the fate of Taiwan.

“If we were to get into a conflict with China over Taiwan, the damage caused by the Russian invasion of Ukraine to supply chains would be dwarfed in comparison—and I’m not sure the U.S. is ready for that,” he said.

James Palmer, a deputy editor at Foreign Policy, argued that Chinese barbs directed at the United States could reveal real vulnerabilities—for example, our dependence on rare earths that are mined and processed in that country.

“We should be acting to re-shore those chains in a much more serious way,” he said.

Adolfo Urso, a leader of the Italian parliament’s intelligence committee who served in the government of former Prime Minister Silvio Berlusconi, made similar comments during the panel discussion.

Speaking through a translator, he argued that the West must ensure that strategic technology, including “green technology,” becomes concentrated in friendly hands.

By Nathan Worcester

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.

DOJ Responds to Washington Council’s Request to Remove National Guard Troops From DC

DOJ sent a letter criticizing the Council of the District of Columbia’s demand to remove National Guard troops deployed in the American capital.
00:00:59

What Battleground Voters Are Saying About Healthcare Affordability

Voters in battleground states are keenly aware of rising healthcare costs and want change, but it’s unclear how this will impact the midterm elections.

Fauci Refuses to Appear Before 2nd Senate Panel After Contempt Vote

Dr. Anthony Fauci has declined a request to appear voluntarily before a second Senate panel, after Republicans voted to hold him in contempt of Congress.
00:01:47

Trump Says He’ll Declare the Hormuz Strait a US Territory ‘Pretty Soon’

President Trump announced his intention to declare the Strait of Hormuz a U.S. territory, introducing a new position regarding the vital waterway.
00:01:47

Trump Says He’ll Declare the Hormuz Strait a US Territory ‘Pretty Soon’

President Trump announced his intention to declare the Strait of Hormuz a U.S. territory, introducing a new position regarding the vital waterway.

Trade Court Upholds Trump’s Shutdown of $800 De Minimis Duty Exemption

U.S. Court upheld Trump admin’s authority to end the de minimis exemption allowing Americans to avoid paying duty on packages worth $800 or less.
00:05:10

China Behind ‘Great Transshipment Scam’ Costing Billions of Dollars, White House Says

A report stated that China systematically evaded U.S. tariffs and other trade measures by routing goods through third-party countries.
00:08:14

Trump Issues Memo to Help Combat Foreign Criminal Networks

President Trump signed a memo that empowers federal law enforcement to use cyber tools against transnational criminal organizations operating overseas and targeting Americans.
spot_img

Related Articles

Popular Categories

MAGA Business Central