Trump Open To Chinese Investment In US Tech
By 1600 Staff
President Trump has been tough on China in recent months, announcing $25 Billion in tariffs that are set to take effect in July. But he has surprised observers by his willingness to encourage foreign investment, including from the People’s Republic of China.
Fox Business reports:
That decision was applauded by Silicon Valley Leadership Group CEO Carl Guardino, which is responsible for representing some of the tech’s most-respected employers, and millions of workers at those companies.
“We’re a global economy, and whether you’re a scrappy startup struggling to survive or a global firm, this need for foreign investments spurs innovation,” he said during an interview with FOX Business’ Liz Claman on Thursday. “It spurs American job creation. It helps us to be competitive around the world.”
The president on Thursday backed off his initial threats of limiting Chinese investment in the U.S., instead throwing his support behind a bipartisan effort that expands the types of foreign deals that are subject to scrutiny by CFIUS, which is an American interagency group that examines foreign investments to determine whether they threaten national security.
Silicon Valley isn’t the first place that comes to mind when someone praises the president’s policies. Yet, the move enables foreign investment that creates American jobs, a move that the president supports. As long as there is no threat to American workers or national security, President Trump supports any investment that will help Americans, and put their interests first.
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About The Author
The Chinese and Indians have long invested in Silicon Valley, hiring only foreigners. None of this is beneficial to Americans except for property owners who can sell or rent their properties to foreigners. Selling American technology to China and India is at best a short term benefit and a long term disaster. No American jobs. American technology borrowed and used, then returned to China where no IP royalties, licenses or other compensation will ever be paid.
Susan I agree with you…All the countries outside the United States are all for themselves. My Grandparents which raise me always said that the United States needs to be strong and quit being a “BIG Brother” so giving and soft. Which means to me is to put the American people first not other countries. They honesty don’t care about us unless they have a disaster or just want something from us. All the United States big Corporations, CEO’s, and Politicians know they are on this earth like everyone else and they are going to make as much money as possible NO matter what they need to do to accomplish that task. Which means moving manufacturing plants, knowledge, and even their/our close guarded secrets. So until the American People really wake up this America as we use to know it being self sufficient we are domed.
Bet you voted for the cackling witch and are a CNN aficionado.
Things do not work that way here in the real world, kid. And if there were less urban studies majors and a lot more engineering students there would be no need to hire foreigners at all.
President Trump is the absolute LAST person who would do ANYTHING that could take away from American workers and job creation IN AMERICA. He is a remarkably skilled and savvy businessman, and I trust his decisions implicitly when it comes to these kinds of things. It said right there in the article …. “As long as there is no threat to American workers or national security, President Trump supports any investment that will help Americans, and put their interests first.” He would never, ever sell us out to any foreign interest.
I think it’s ok for Trump to change his mind if its pointed out to him that it could be a bad move, at least he listens to whats good for the American worker, where the democrats will take a disasturous idea that cost the tax payer billions and shove it down our throat like Obama care, CA fast rail, bridges to no where, as long as they get big bucks for their re-election campagn from the builders.
It is true , Susan ! We have had “floods” of Chineses and Indians into this Silicon Valley.
Is that President Trump lets them dominate this Silicon Valley ?
Other races will be spelled out this region when they come more and more. The house prices are unbelievable now ! The rent is already too high !
Agee 100%
Now would. Be a good time for republicans to develop their own Facebook type pages. Since Facebook is all democratic, and they hate republicans, just develope our own site.
I think any investment in America is good investment. Unlike Bush and Obama who wanted to ship most American manufacturing jobs outside of the USA, and wanted to import as many H-1B workers to replace American workers, President Trump is trying to reverse that trend and keep jobs in America for American workers, reduce the trade deficit, and get real investments in America. Unlike the anti-American tech industry in America wanting to continue the Bush-Obama era trends away from improving the circumstances for American citizens, President Trump is focused on reversing those trends, so I believe any investments that he will allow will benefit the American economy.
President Trump hit the ground running, in a positive effort to repair Obama’s destruction of our Homeland!
We all know that the Criminal Organization DNC, wants a dictatorship, they knew HRC, and BHO, were going to rig the DNC Presidential Nomination Election and gave them their blessing!
Treasonous, Traitors!
America hating anarchists, and domestic-terrorists, bringing in ISIS, MS-13, and committing atrocities murdering school children just to gain support for gun confiscation!
I lost my job thanks to NAFTA. My last assignment was to to go Mexico and train my replacement. When I returned, I was forced to take early retirement.
At the time, operators in our U.S. plant were paid about 14$ per hour. In Mexico, they were being paid $2.50 per hour.
I later learned that the Mexican plant closed because they could not compete with the labor rates in China where operators were being paid $0.60 per hour.
This site must be a left wing traitor site, the DNC talks about rights, but the truth is, they do all they can to block, deceive, lie, murder, and steal.
Thank God for this American loving, job creating, America first in all things President Trump. He is truly God’s Gift to America. GO TRUMP ! GO PENCE ! Sincerely, Martin Korab
Is it running the Government as a business that is finally clicking with the people and giving us positive results??? The nay-sayers will be blurting out some of their dumb remarks on this one, Can’t wait til maxipad, Schlumer, and peloooozi chomp on this!
Don’t let these foreigners get their hooks into this country , all investments should be kept at arms length .
Note for James: That would be short sighted. If there are investments of other countries in USA, it is because USA citizens have investments in those countries. That is the world today, James. Get over it. Just as we have citizens all through South America, Central America, Mexico, Canada, and you do not expect them to invest here. You do know their money flows through our banks, as USA money also flows through their banks. We even have Embassies, Consulates, and Americans working in those facilities, in all those countries. So I find your remark, a bit out of date. Why are you not writing about OAS, which has 5 very large buildings in Washington, D. C. and OAS was established in 1780, next year after our Constitution was written by 53 delegates, in Philadelphia. Why are you not questioning why they are not providing for their own citizens, so they would want to emigrate to USA, to feast on our benefits, education, jobs, economy, and tear down our properties. We property owners lose funds repairing or selling damaged property, when they move back to country they came from. Get with it, James, and others who think same as James.
You will want to get over it once the elite take control. It is not about a single investment. It is about bringing all businesses under the control of the elite. And it will be done one piece at a time. You will look up one day and it will be over. There will be NO ownership of any businesses allowed that are not controlled by the elite. I know. You don’t believe it. So I am sure that you don’t believe any other prophesies of the Bible.
Trump, trump again! MAGA, jeep winning!
SV is making money by the carload. Who wouldn’t be happy about that? Now, are they treating their workers, the ones who do the real work fairly as far as salary and benefits go?
Mistake. Investment means OWNERSHIP. And we don’ t need the Chinese owning any more of America