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.

Breaching constitutional limits

Bill 1957 would restructure Pennsylvania’s constitution and give abortion and a wide range of “personal reproductive decisions” legal protection.

Chasing the NIL mirage

The Wall Street Journal’s recent dive into Florida’s high school transfer free-for-all should awaken every parent, educator, and legislator.

Corporate Profit Margins Hit All-Time High as Small Doritos Bags Retail at $5.99

Corporate profit margins and raw corporate profits are at record highs, but it’s the margins that really beg questions.

The pro-Hamas crowd: WORSE than antisemites

The pro-Hamas crowd: WORSE than antisemites

Pratt Is The New Leader Los Angeles Desperately Needs

Los Angeles voters will elect a new Mayor. One candidate, former reality television star Spencer Pratt, is making a huge splash.

Trump Says He Supports Suspending Gas Tax

With gas prices surging 50 percent since the start of the war in Iran, Trump told CBS News on May 11 that stopping excise taxes would be a “great idea.”

Suspect in Attempted Trump Assassination Pleads Not Guilty

Cole Allen, the suspected shooter at the White House Correspondents’ Dinner, pleaded “not guilty” in federal court on May 11.

Republicans Regain Advantage in Redistricting Fight After Virginia Map Overturned

Republicans have regained the advantage in the national mid-decade redistricting battle after the Virginia Supreme Court struck down a map.

America’s 250th: Here’s Where Celebrations Are Taking Place

Celebrations across the United States are expected in the coming months as Americans mark the 250th anniversary of the nation’s founding.

What to Know About Trump’s Presidential Fitness Test Award Revival

In the coming academic year, old-fashioned calisthenics, timed runs, and the spirit of competition could return to many public schools.

Rubio Meets With Pope Leo at the Vatican

Secreetary of State Marco Rubio met with Pope Leo XIV at the Vatican, amid a war of words between the head of the Catholic Church and President Trump.

CBP Says It Will Start Issuing First Refunds of Trump Tariffs on May 12

CBP said the first batch of refunds from tariffs imposed by President Trump, which the Supreme Court struck down in February, would begin on May 12.

Trump Says US Economy Is Booming Despite Iran War

President Trump touted his economic policies, from tax cuts and tariffs to deregulation, saying the US is thriving despite conflict in the Middle East.
spot_img

Related Articles

Popular Categories

MAGA Business Central