November 2017 RLK: The trade deficit has a lot of ire , -_ wet things in there that are not by eet £&> = -. | accurate. You look at the iPhone, - « - u. Do P vi China will get 6, 10 percent of | { a ¥ | that, the rest are components that ; — . { hs go into China. Services are 40 “A billion dollars — what Chinese | a % * \ q 4 tourists and students pay in the | US — not counted in the trade deficit, which is a very sin complicated number. It also DEVELOPING STORY lot of good prolucte at cheaper | (M_YACK MA: TRADE WAR COULD LAST 20 YEARS [fe prices. Robert Lawrence Kuhn | Author, "How China's Leaders Think" ‘s:40 pm cer P - November 2017 RLK: But there are five real i : = Te 5 Deane reasons that are problematic to . the US with respect to China: : : closed markets; intellectual } er * property protection; industrial A _ ag a espionage, which includes cyber > Fen cy a rae theft; forced technology transfer i ~ . in JVs; and government support ‘ for future industries. Those are “ | five real issues that the smart people in America are focusing on. DEVELOPING STORY 4 Beg) TEUMBtElY £6: JACK MA: TRADE WAR COULD LAST 20 YEARS [re Robert Lawrence Kuhn | Author, "How China's Leaders Think" | Ques ANS 7 HOUSE_OVERSIGHT_026874