Panel Warns of ‘Chinese Subversion’ of US Economy

Contact Your Elected Officials
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

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.

The Real Reason Why the Left is Unhinged

Nine out of thirteen of the original states required you to be a Bible believing Christian to serve in government at the time of the founding.

The Sacrificial Lambs of the Riyadh Standup Scene

Which is the greater injustice: jailing political dissidents, or millions dead from pharma crimes with no accountability for those responsible?

No Kings Exposes Odd Things!

The “No Kings” protests held around the nation are not grassroots spontaneous people’s protests but are highly organized events by paid provocateurs.

President Trump Needs Much Better Protection

President Trump faces threats from foreign adversaries and domestic radicals prone to violence, people suffering from severe “TDS.”

Science Has Finally Come For Transgenderism

British biologist Richard Dawkins said “trans women are men,” calling transgender ideology a movement that undermines biological truth.

Texas Appoints Higher Education Ombudsman to Enforce DEI Violations

Texas is moving to enforce bans on DEI practices in universities and potentially restrict college courses focused on gender and race.

House Judiciary Chair Refers Ex-CIA Director John Brennan for Criminal Prosecution

House Republicans referred ex-CIA Director John Brennan to AG Pam Bondi for prosecution over the 2016 probe into alleged Russian–Trump collusion.

FBI Has Arrested 28,000 Violent Criminals Since Jan. 20: Trump

President Trump praised the FBI for doing an “incredible job,” citing thousands of arrests and major disruptions of criminal activity nationwide.

White House Ballroom Project Breaks Ground

Demolition began Oct. 20 on the White House East Wing to make room for Trump’s planned ballroom, with parts of the structure already removed.

Trump Calls off Meeting With Putin, White House Says

White House says Secretary Rubio and Russia’s Lavrov had a productive call; no further meetings or Trump-Putin talks are planned soon.

President Signs Rare Earth Agreement With Australia’s PM

President Trump hosted Australian PM Albanese at the White House, where both leaders signed a new agreement on rare earth mineral cooperation.

Trump Says Insurrection Act Is ‘Strongest Power a President Has’

President Trump detailed plans to invoke the Insurrection Act to address rampant crime, calling it the “strongest power a president has.”

Army Corps of Engineers to Pause $11 Billion in Projects During Shutdown: Vought

Russ Vought, director of the White House’s OMB, has added to the growing pile of federal projects paused during the government shutdown.
spot_img

Related Articles

Popular Categories

MAGA Business Central