Xinhua: Protectionist moves cannot preserve U.S. technological edge
Xinhua |
Updated: 2018-06-29 16:49
U.S. President Donald Trump on Wednesday issued support for "strong" legislation and mechanism to hold back foreign entities from acquiring key technologies.
Washington needs to be fully aware that protectionist logic and measure as such would inflict poison, not promise, to U.S. prosperity.
In a statement, Trump vowed to implement promptly and enforce rigorously the Foreign Investment Risk Review Modernization Act (FIRRMA) that better protects the "crown jewels" of American technology and intellectual property from transfers and acquisitions, which allegedly threaten America's "critical technology leadership, national security, and future economic prosperity."
Such a mindset, which runs counter to all market rules, would pose damage to its trading partners and ultimately hurt the interests of America's own firms and general public.
One of the U.S. leader's arguments, for all the time, is to bring a promising future to the country's industrial workers, yet up to now, pains are what they have felt.
READ MORE
U.S. President Donald Trump on Wednesday issued support for "strong" legislation and mechanism to hold back foreign entities from acquiring key technologies.
Washington needs to be fully aware that protectionist logic and measure as such would inflict poison, not promise, to U.S. prosperity.
In a statement, Trump vowed to implement promptly and enforce rigorously the Foreign Investment Risk Review Modernization Act (FIRRMA) that better protects the "crown jewels" of American technology and intellectual property from transfers and acquisitions, which allegedly threaten America's "critical technology leadership, national security, and future economic prosperity."
Such a mindset, which runs counter to all market rules, would pose damage to its trading partners and ultimately hurt the interests of America's own firms and general public.
One of the U.S. leader's arguments, for all the time, is to bring a promising future to the country's industrial workers, yet up to now, pains are what they have felt.
READ MORE
