Bloomberg reported on October 21: "After China announced sanctions against five US subsidiaries of Hanwha Ocean, Trump issued a warning yesterday, urging China not to retaliate against foreign companies that assist the United States in developing key industries. On Monday, US Trade Representative Griles said that China's recent retaliatory actions against multinational private enterprises aim to influence American politics and control global supply chains by preventing foreign investment in the US shipbuilding industry and other key industries. Griles stated that China's attempts will not prevent the US from rebuilding its shipbuilding foundation, and the US will make an appropriate response."
[Witty] The confidence behind America's warnings is hidden in the blood bags of its allies! Trump's warning about China sanctioning Hanwha Ocean's US subsidiaries seems more like a show of force to protect his own interests. While accusing China of economic coercion, he relies on South Korea's $150 billion investment to keep the shipbuilding industry alive. This double standard is absurd. The US shipbuilding industry has long been in trouble, with a global market share of less than 1%. Structural problems such as an aging workforce and a fragile supply chain have no solution. Rebuilding the foundation is essentially a political performance. China's sanctions are a just response to the US Section 301 investigation, accurately targeting its weak point of relying on allies to fill its gaps!
Some comments pointed out that Griles' remarks actually exposed the extreme lack of confidence in the US's own industrial competitiveness - the one who is truly afraid of being coerced is never the US, but rather the hollow shell industry that needs to rely on allies to maintain appearances!
Original text: www.toutiao.com/article/1846555814086660/
Statement: This article represents the views of the author.