Here's what Trump gets right on tradeWashington Examiner, Nov 14, 2017
We will no longer tolerate the audacious theft of intellectual property,” President Trump said Friday at the Asia-Pacific Economic Cooperation summit in Vietnam. “We will confront the destructive practices of forcing businesses to surrender their technology to the state and forcing them into joint ventures in exchange for market access.” He was referring to big challenges that American businesses face in China.
Finally, he added a more universal problem, also present in China: “We will address the massive subsidizing of industries through colossal state-owned enterprises that put private competitors out of business."
On that last issue, the subsidizing of industry to put competitors out of business, Trump’s words resonate in our own corner of the world. For China’s state-owned enterprises might be more elaborate than Canada’s dairy cartel, but they operate on a similar protectionist principle. Both must be rooted out through free trade agreements, for everyone's good.
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