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.

Clergy, Doctors Sue Illinois Over Assisted Suicide

A group of Catholic physicians and a bishop filed a lawsuit against the state of Illinois on Tuesday, challenging the state’s assisted suicide law.

ICE to Equip Officers With Gloves That Can Deliver Electric Shocks

Immigration and Customs Enforcement (ICE) plans to spend up to $20 million on gloves that can deliver electric shocks for its agents.

Treasury Department Ends Ownership Reporting for US Small Businesses

The Treasury Dept finalized a rule permanently exempting U.S. companies and individuals from reporting beneficial ownership information to authorities.
00:00:31

US Annual Inflation Rate Stabilizes in July, Slowing to 3.4 Percent

Falling energy prices helped inflation pressures ease last month, new government data released on August 12 show.
00:41:25

Trump Signs Executive Order Calling for Spacing Out Childhood Vaccines

President Donald Trump signed an executive order on Aug. 10 calling for spacing out childhood vaccines.
00:02:46

Hassett Rules Out Replacing Fed’s Lisa Cook on Central Bank Board

The White House economic adviser said Trump could remove Cook if due process ultimately establishes cause for her firing.
00:00:49

Pentagon Asks Industry Leaders to Report Plans to Boost Weapons Production

The Pentagon is asking weapons manufacturers for plans on how they will increase weapons production and and speed up their delivery schedules.
00:02:03

Senate Confirms Todd Blanche as Attorney General

President Trump’s nominee for AG, Todd Blanche, has been confirmed in the Senate after a few fellow Republicans reconsidered their opposition.
spot_img

Related Articles

Popular Categories

MAGA Business Central