President George W. Bush's plan to toughen restrictions on technology exports to China has set off a struggle between U.S. national security officials concerned about China's military threat and American companies increasingly dependent on overseas markets.Items such as aircraft parts, computer chips and machine tools shall not be sold anymore. Many companies are upset, of course. Two for example are Intel Corp. and Boeing Co. They have allowed themselves to become increasingly reliant for their sales. This will cost them billions of dollars which they have invested.
We are rapidly moving toward a showdown over Taiwan and North Korea. They do not care about the North Koreans. They have just been using North Korea to keep everyone's eyes off their own determination to create as many nuclear bombs as they could make. They now have several hundred that could reach the USA. This should be understood by everyone.
Why did it took so long for our government to wake up to the danger? We have known since before the 1999 Cox Report.
"U.S. industry is integrating with China, but the Bush administration is taking steps that are taking U.S. policy in a virtually opposite direction," said Edmund Rice, president of the Coalition for Employment Through Exports, which represents companies such as Boeing. They're heading for a clash.This is one of the chances you take when you deal with a business that is government owned. Especially when it is not in your own country. You have no rights in China, and it would never be allowed in America for the government to own the businesses.
China agreed under U.S. pressure to a partial revaluation of its currency last week. An $18.5 billion bid by the Chinese government- controlled Cnooc Ltd. to buy El Segundo, California-based Unocal Corp. has encountered strong opposition in the U.S. Congress. Lawmakers this week ordered a review that may delay by 141 days a government decision on whether to allow the acquisition. The House approved legislation yesterday that allows companies to seek a broader array of duties on imports from China and force the U.S. Treasury to closely monitor China's currency policies.This is very good news. The House did something very useful to help the USA. China wants us to increase exports to themselves instead of decreasing imports. That would not be a good national security decision.
"There is a push and pull between the security people and the economic people" inside the administration, [Secretary of State] [sic] Rice said.The Defense Department wants to be sure their concerns are addressed in any final restrictions. They are very concerned. I believe this is the bill which was passed by Congressman Hunter (R) and Congressman Hyde (R) on July 20, 2005. H.R.3057 Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 (Public Print). (Just put "HR 3057" in the search engine once you are there.)
Well, that's it for now. If you would like to read the the article, you will find it here. Have a good day.