Trump Tweets for the Allowance of Exports of High-Tech Items


Trump stands up for the Chinese instead of American companies by allowing China to import high tech parts.

In a series of tweets, the President criticized the people both inside the Administration and the Commerce Department for slowing the trade of controlled technologies to China over the possible injury to US companies. “We don’t want to make it impossible to do business with us,” the president tweeted. Adding, “That will only mean that orders will go to someplace else.”

This all came to a head after a report by the WSJ about the officials in the White House that were attempting to stop all shipments of jet engines that were produced by GE to China in a move that could undermine Boeing and Airbus.

This may have led to officials possibly changing the foreign direct rule, which is intended to limit the use of U.S. technology in military and national security roles. 

Trump has been mum on this issue until he tweeted out his dislike for the proposals. “I think people are getting carried away with it, I mean, things are put on my desk that have nothing to do with national security, including with chip makers and various others, So we’re going to give it up, and what will happen? They’ll make those chips in a different country or they’ll make them in China or in someplace else.”

“GE has provided products and services in the global marketplace for decades,” a GE spokeswoman said over the weekend, after the WSJ report. “We aggressively protect and defend our intellectual property and work closely with the U.S. government to fulfill our responsibilities and shared security and economic interests.”

John Neuffer, the CEO of the Semiconductor Industry Association, celebrated the tweets in a written announcement, saying “sales of non-sensitive, commercial products to China drive semiconductor research and innovation, which is critical to America’s economic strength and national security.”

At a conference on how to limit U.S. exports to China, former Commerce Department official Kevin Wolf, said, “That’s the problem with the absence of a coherent policy and with all seriousness intended, uncertainty is death to trade. “This constant bouncing back and forth between what the policy or the objective is, or…what national security does or doesn’t mean, actually in my view does more harm than good.”

Tuesday morning, Mr. Trump tweeted. “I want to make it EASY to do business with the United States, not difficult. “Everyone in my Administration is being so instructed, with no excuses… THE UNITED STATES IS OPEN FOR BUSINESS…”

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Economics, Finance and Investing