Date: 2018-05-04
Analysis: Tariffs won’t slow China’s tech rise
China’s aggressive efforts to become a tech superpower have long worried many American business leaders, and now are fueling trade tensions with the United States. But experts say the US government needs to come up with a smarter response.
President Donald Trump is sending his top economic advisers to China this week for talks about the trade dispute in which the two countries have threatened to slap tariffs on tens of billions of dollars of each other’s exports.
The US government says it’s taking action against China over policies that have enabled Chinese firms to unfairly get their hands on sensitive technology from American companies. At the heart of the concerns is “Made in China 2025,” Beijing’s plan to pump hundreds of billions of dollars into industries like robotics, electric cars and computing with the aim of becoming a global leader in those areas.