No. of Recommendations: 14

Appears that Huawei stole Cisco secrets and other American companies that enabled the company to compete with Cisco and others around the world.

This Huawei arrest may be because of unlawfully selling to Iran, but the issue is far more encompassing to hundreds of billions of dollars a year in corporate theft.

Sources say, but not confirmed, that the enormous identity hacks from Marriott appears to be from China as well (albeit, again, not confirmed).

In addition the resourcing of products moving away from China to other Asian nations such as Malaysia and Vietnam is accelerating.

This trade war is about things far more serious than temporary effect on the stock market. They hold our debt, but we are their largest customers. Clearly the trade war is hurting everyone, but systematically China is hurt much more as the hurt to the U.S. is temporary, there are wholesale uplifting of sourcing (that will never go back) from China taking place.

Either way this is scary stuff. It is also the sort of stuff that causes politicians to take a ton of lobbying money and to then talk about how bad Trump is, how horrible this is, and defend China. Thus it is important to objectively look at some of the unbelievable stuff that is going on in regard to intellectual property theft and cyber hacking. It is far worse than most of us anticipated or have been told or believed it to be.

China is fighting a war. We are just trying to do commerce.

For whatever it is worth, this is the bigger story of the trade war as it presently stands.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.