Via Skype Getty imag RLK: So there’s a significant impact [on the US]. The US hope is that China will be 7 =I. Cy i} owe? a -— pressured to make changes in its policy. Now ~ Wwe aA A F sw the [tariff] policy is not just [targeting] the H / e aap we, re , trade deficit. The policies are, what are called, _— 1 p. China’s closed market, intellectual property . - protection, industrial espionage, tech transfers a and JVs (to get the Chinese market) and | government support for tech. And for each of ud b these, China has responses. China says it was U.S.-CHINA TRADE WAR . : ss | doing what was appropriate under the WTO sd SIE RGekah seed Parr ap because it was a developing country. Now that et aa eta = $2008 ee at : it’s advanced, it’s opening markets. Sa ne Dian aap ennont Wace e Ee OUSOUST SC China has a “negative list” telling people Via Skype November 8, 20 [companies] what it cannot do, making it much toe hogsies | il all easier; China is also opening further in autos ea ——- and financial services. But they need to be he \ | ae pushed more. Even economists in China - a er dh — i =e recognize that, that coming out of this, if we = oo — ww : have cool heads and smart brains, both sides — d ‘es E =~ Le can be better off. K — HOST: So are there other ways to do this? You Pa all ' j P listed that Trump wants to close a trade deficit. U.S.-CHINA TRADE WAR » az, _ He’s hitting back at these closed markets. He Wo yy my wants to prevent the stealing of intellectual ! otek te Mai sh eae EE i C property. What is an effective way to do this ae = ner nn gpm wren aie is nadicanandt besides heaping these tariffs on China? . 2 HOUSE_OVERSIGHT_029177