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.

Trump to Ease Ground Beef Import Quotas for 90 Days

President Trump will allow up to 300,000 metric tons of ground beef to be imported with no out-of-quota tariff for 90 days to reduce beef prices for Americans.

US State Bill May Criminalize Prayers Outside Abortion Centers: Pro-Life Organization

New Jersey Gov. Mikie Sherrill signed legislation on Thursday that can potentially criminalize conducting prayers outside abortion centers.
00:02:14

8 Killed After Charter Plane Crashes in Western Alaska: US Military

The U.S. military said on Aug. 20 that eight people were killed when a charter plane crashed at a remote military radar site in western Alaska.

Trump Tells Michael Cohen ‘They Weaponized You’ in Radio Interview, Praises His Recanting

President Donald Trump appeared on Michael Cohen’s radio show and commended his former attorney for recanting his previous statements.
00:20:06

First Lady Unveils Racing Collaboration, $2 Million in ‘Fostering the Future’ Scholarships 

First Lady Melania Trump at the White House announce $2 million in scholarships for foster youth, expanding her Fostering the Future initiative.
00:01:31

Trump Announces Pause on 50 Percent Tariff as US, Canada Reach Last-Minute Deal

President Trump announced he would delay an additional 50 percent tariff on certain Canadian goods following last-minute talks between the two countries.
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.
spot_img

Related Articles

Popular Categories

MAGA Business Central