Tom Friedman explains why he agrees with Trump's China trade approach

Поделиться
HTML-код
  • Опубликовано: 26 окт 2024

Комментарии • 828

  • @otondovasquez5183
    @otondovasquez5183 5 лет назад +19

    Stop complaining, you loved the cheap labor for years, also Chinese policy was always to share intellectual property if you wanted to do business with them. NO ONE HELD A GUN TO US CORPORATIONS!!! And do you notice Japanese or German corporations ARE NOT WHINERS LIKE WE ARE.

  • @michaelkborozan4121
    @michaelkborozan4121 5 лет назад +27

    People criticize Trump, but offer no alternative answers. You can only negotiate from a position of strength....believing anything else is simply stupid.

    • @GizmoMaltese
      @GizmoMaltese 5 лет назад

      TPP was an alternative. And Friedman nails it when he says Trump is doing the right thing the wrong way. You'll get nowhere if you try to publically humiliate China.

    • @michaelkborozan4121
      @michaelkborozan4121 5 лет назад

      @@GizmoMaltese TTP was not going to have enough economic impact and come anywhere near the force necessary to incentivize the Chinese to do anything. I have done extensive business in China and Trump's approach is the only one that will get any results. The threat of tariffs, that potentially drive their manufacturing base to Taiwan or Vietnam is real to them. How else would you propose to get them to change their policy on IP theft? I see no other impactful leverage. This is a war we need to win whether you like Trump or not.

    • @GizmoMaltese
      @GizmoMaltese 5 лет назад

      @@michaelkborozan4121 They have a history. They remember the time when western powers imposed trade deals on them. They won't be bullied. Trump's approach is the wrong one. Do you really imagine the Chinese are going to say, "Please Trump lift those tariffs? We'll do whatever you want." It doesn't work that way in international politics. If the Chinese take an economic hit they'll just use their military. They can help North Korea or Iran. They can team up with Russia. Trump's approach is the wrong approach.

    • @etishbite456
      @etishbite456 5 лет назад

      Are we not one of their biggest customers? Long run wouldn't they be at more of an economic risk? We hold the reserve currency status.

    • @michaelkborozan4121
      @michaelkborozan4121 5 лет назад

      @@GizmoMaltese let's say you are right,,,,what's the better alternative? I think trump should leave the tariffs in place, and walk away, and stop talking about it. There are no quick and easy negotiations with China.

  • @naveentiku3106
    @naveentiku3106 5 лет назад +24

    The way Trump is doing it is the best way to get this done. You need to call out China not appease them.

    • @dennisp8520
      @dennisp8520 5 лет назад

      Trump should be funding our allies and using the world against China. Not going for a one on one fight.

    • @arbs3ry
      @arbs3ry 5 лет назад +1

      @@dennisp8520 Using the world, wow, impressive, "using".

    • @bca-biciclindcuaxel7527
      @bca-biciclindcuaxel7527 5 лет назад

      @@dennisp8520 Trump is threating us in EU worse than China . Trump is threating his closest Ally = European Union as an Enemy !!! He even wants to destroy us and brags about that openly . Your real enemy in USA is only TRUMP !

    • @thetradefloor
      @thetradefloor 5 лет назад

      European Union is a wannabe Soviet Union, no thanks. Trade should be done with sovereign countries not 10 levels of bureaucrats

    • @thetradefloor
      @thetradefloor 5 лет назад

      Strong Relationship with Canada, UK, Mexico and South America comes first

  • @ronaldshiffman9120
    @ronaldshiffman9120 5 лет назад +38

    If Tom Friedman is right about anything, it's by accident.

    • @biz1boom
      @biz1boom 5 лет назад +1

      Interesting, why dont you put your imaginary economics degree to use and go up there and set him straight. 😂😂😂

    • @ronaldshiffman9120
      @ronaldshiffman9120 5 лет назад

      @@biz1boom Friedman has been so bad on so many issues, I didn't even read his comment. I don't have to explain this to you, but I voted for Trump and totally agree with his China trade policy. So what. Friedman didn't vote for Trump. He's an ass. If you appreciate his China comment, good for you. Bye.

  • @christophervan6966
    @christophervan6966 5 лет назад +44

    The left is starting to wake up.

    • @augurcybernaut4785
      @augurcybernaut4785 5 лет назад +1

      Christopher Van Too late mate!

    • @jimbosan710
      @jimbosan710 5 лет назад +3

      Never happen! The Left is an un-Godly anti-America organization with every day use of the communist manifesto. Check out the truth, the real truth.

    • @augurcybernaut4785
      @augurcybernaut4785 5 лет назад +2

      As much as the Left is Un-Godly the Right is engulfed with the spirit of Anti-Christ and Pharisees.... they want to accomplish gods will via politics (not the Spirit) and hearts are callous to the needs of the poor for sustenances and justice. So it is written Jesus says when he returns will he find faith here (from either side)...

    • @mr.anderson9938
      @mr.anderson9938 5 лет назад

      Jimbo San better than goose stepping child molesting bible thumpers 😆

    • @hana3679
      @hana3679 4 года назад

      Tom Friedman is politically ambivalent

  • @ronmcleod48
    @ronmcleod48 5 лет назад +76

    America fighting for it's supremacy.

    • @blahzndef
      @blahzndef 5 лет назад +1

      About non-reciprocal trade relations. There is a win-win and not about containment.

    • @zurinarctus1329
      @zurinarctus1329 5 лет назад +2

      For the entire world. China is slowly destroying both Asia and Africa at the same time.

    • @junliu6108
      @junliu6108 5 лет назад +15

      @@zurinarctus1329HoonDing destroyed by what ? the infrastructure? the medical-aid? the UN peacekeeper? such a joke... but at least, the Vietnam and Iraq and so many other places are destroyed by the US army and CIA

    • @franklintempleton9818
      @franklintempleton9818 5 лет назад +2

      Smart conclusion. As well as Roman Empire. We know ending. SAD.

    • @DarkReapersGrim
      @DarkReapersGrim 5 лет назад +5

      Terrorist America isn't supreme, it's a toilet bowl.

  • @uhu597
    @uhu597 5 лет назад +21

    He is probably pissed about none of his books selling particularly well in China.

    • @damaomiX
      @damaomiX 5 лет назад

      好像没有卖

  • @nabeel2113
    @nabeel2113 5 лет назад +40

    Tom friedman is an absolute joke who helped bring about the iraq war.

    • @AbuSous2000PR
      @AbuSous2000PR 5 лет назад +9

      If you remind him of that on Twitter
      he will block you

    • @adamrhaman5833
      @adamrhaman5833 5 лет назад +3

      BS. He is a journalist, not President.

    • @Withnail1969
      @Withnail1969 5 лет назад +1

      Yes, he's a complete clown. Whatever he claims, you can pretty much guarantee the opposite is true.

    • @pakpala1
      @pakpala1 5 лет назад

      Yep! This dope wrote a book saying "the world is flat."

    • @mactek6033
      @mactek6033 5 лет назад

      Saddam Hussein helped bring about the Iraq War.

  • @ghuangdad
    @ghuangdad 5 лет назад +37

    China has to make toys and T-shirts but not advanced tech.... geez

    • @hjgong6542
      @hjgong6542 5 лет назад +1

      lol .if all Amercian have same persepetive with yours so totally that is helpful for us to win the trade war with usa. such an idiot

    • @bamboo9040
      @bamboo9040 5 лет назад +2

      You're an idiot or just deliberate.

    • @albertdem1352
      @albertdem1352 5 лет назад +1

      That isn't the argument that was made. A buyer of toys and T-shirts doesn't really have to trust the seller (although hazardous materials in Chinese-made toys have led to scandals), and might overlook cheating by the seller. A buyer of advanced technology has to trust the seller, and that includes trust that the seller will play by the rules. No sane person in the U.S. or Europe trusts the Chinese Communist Party, and the CCP has ultimate control over every Chinese company. If the CCP wants to play in developed markets at the most advanced level, then it has to win trust, through reform. If it doesn't, then tariffs and bans on Chinese companies are the best response.

    • @ylcalif3681
      @ylcalif3681 5 лет назад

      The military industrial complex doesn't want to offshore its jobs to China.

    • @garyhuang2625
      @garyhuang2625 5 лет назад

      Albert De M do you believe “what turns on my toaster will launch a missile”? This is propaganda to isolate. This Trump regime will probably say next that you can’t do biz with US unless you have western values at the surface but really includes issues like pro-life and anti-LGBTQ.

  • @AbuSous2000PR
    @AbuSous2000PR 5 лет назад +9

    I have read half the comments almost
    Almost no one bought the BS here
    This is giving me a lot of optimism
    #ThomasFriedman is person who knows how to make good analysis ...but ONLY after the fact
    Before the fact... he is disastrous. He will block you on #twitter if you remind of his support for #GWBush when he initiated the war on #Iraq in 2003

  • @thataxx1534
    @thataxx1534 5 лет назад +9

    they can't steal what you don't have and they have a lot of what you don't have yet

    • @皇胡昂
      @皇胡昂 5 лет назад

      No, if they steal, just take them to the court. Why don't we see anyone taken to the court?

  • @davidjacobson3529
    @davidjacobson3529 5 лет назад +15

    Tom Friedman does not have a clue. American technology has a long history of involvement with the American defense department. The budget of the American defense department has been a very large factor sponsoring the development of American technology. The United States has been the largest source of global military aggression in the half century. China by comparison has much less history of making wars. The roots of the Internet are in the Advanced Research Projects Agency of the Pentagon. No doubt, potential military uses of the technology was a reason for its interest. American dominance over advanced technology is declining because most of the people in the world do not live in the United States. China is home to four times the American population. The momentum it has built up is going to make its advanced technology competitive with the rest of the world. No trade war is going to stop that progress. One choice is a global economy. The other choice is nationalist isolation. China is already the world's largest trading nation. Its values are to promote a global economy that benefits all global participants. American values are authoritarian where the United States dictates how all the other nations of the world do business. American economic aggression to promote those values is not likely to end well for the United States.

    • @rtgtx
      @rtgtx 5 лет назад

      He is very well aware of the American defense department involvement in all those businesses. He's just lying and trying to fool the fools.

  • @DellDreamer
    @DellDreamer 5 лет назад +4

    Will never buy another book written by this guy again.

  • @rogueryan5024
    @rogueryan5024 5 лет назад +8

    I don’t think they want Boeing’s anymore

    • @chiefenumclaw7960
      @chiefenumclaw7960 5 лет назад

      Yep, Boeing really took that sales opportunity & drove it into the ground.

  • @RondelayAOK
    @RondelayAOK 5 лет назад +19

    Negotiations can be tough. Stick with it, Mr. Trump.

  • @martee888
    @martee888 5 лет назад +9

    If someone buys a company it would normally be inclusive of that company's ownership of any patients and/or intellectual property rights. Probably the most valuable part of a business.

    • @martee888
      @martee888 5 лет назад

      @Joe Michaels in the video was mentioned the sale of a German company Kuka Robotics to China. That's what inspired my comment.

    • @fredsue317
      @fredsue317 5 лет назад

      J M you are a shallow moron and absolutely has no deep knowledge

    • @commontater1785
      @commontater1785 5 лет назад

      ​@@martee888 The Kuka case is different. Of course, if you buy a company you get their stuff. The long standing complaint is not about companies and their IP being bought. It's about a law which requires that any foreign company doing business in China, ANY foreign company, must have a Chinese partner and MUST transfer all tech to that Chinese partner.
      Then, one day the foreign workers show up and are told "Oh no! Someone stole all of the high-tech equipment from the factory! Guess we'll have to shut down the partnership. It's so sad. Bye bye." After the foreigners are deported (because their business visas are no longer valid) the Chinese "partner" continues to make the same goods using the transferred technology and the stolen equipment.

    • @martee888
      @martee888 5 лет назад

      @@commontater1785 oh, I didn't realise Chinese law was the main problem.

  • @scholarlyreader383
    @scholarlyreader383 5 лет назад +16

    Thomas Friedman. The author of the " the Lexus and the olive three is scrum. First he is pro globalization now this.

    • @mikeluong5514
      @mikeluong5514 5 лет назад

      He didn’t expected China can say No.

  • @JerjerB
    @JerjerB 5 лет назад +11

    I couldn't afford anything but a Huawei phone 😮

    • @workeveryday8737
      @workeveryday8737 5 лет назад

      I love Chinese products. They are better value. I got a OnePlus 5t. Half the price of iPhone and almost as good.

  • @tinahaynes696
    @tinahaynes696 5 лет назад +6

    Friedman is 100% correct about how the China issue is being negotiated public.
    Everyone needs to save face, especially China. It’s a matter of national pride.
    They will have no political choice but to fight back.

  • @milosj4564
    @milosj4564 5 лет назад +14

    Shortly said..we are screwed.Out of greed ,we have created the Monster that is attacking us..

    • @zurinarctus1329
      @zurinarctus1329 5 лет назад +2

      Nixon created it. Trump now ended it, hopefully. If not, I only hope Bernie Sanders takes the torch.

    • @Jsttobe
      @Jsttobe 5 лет назад +2

      No, you are making an enemy who could be your friend.

    • @giakendon2268
      @giakendon2268 5 лет назад +4

      WHO is attacking WHO?

  • @kitcarr4668
    @kitcarr4668 5 лет назад +2

    The USA is in the mess it's in because for decades they paid no heed to ETHICS. They did not take care of their own people, but rather they hurt their own by shutting down their own means of production and by laying off and impoverishing the men and women who MADE America by productive actions.
    And China, Russia and others have ADVANCED by ACTING ETHICALLY - educating their people, developing their business and productive capacity, by co-operating pecefully and commercially with other nations.
    China certainly acted wisely in REQUESTING technology transfers in return for access to markets. That's NOT STEALING - that's just the commercial agreements that American Companies and Government agreed to. Right now they're bitter and twisted because they didn;t have any foresight beyond 'There's a quick dollar in it ... to hell with the medium or longer term!'
    China's idea of 'short term planning' is the 50 to 100 years ...
    The US Idea of long term planning is 'Where will we have lunch tomorrow ...'

    • @kitcarr4668
      @kitcarr4668 5 лет назад

      @Joe Michaels - You see it /// there's hope for you Joe! Good luck ...

  • @stephenchurchill682
    @stephenchurchill682 5 лет назад +21

    When a column writer of economics starts discussing about values which is a political word. How sarcastic!

    • @junl2004
      @junl2004 5 лет назад

      at some point, it is necessary to talk about even "moral", an well known example is IBM /Nazi

  • @franklee9115
    @franklee9115 5 лет назад +8

    Boeing shows the American business model is in decline.

  • @wendelrichard5
    @wendelrichard5 5 лет назад +4

    This report speaks volumes. Absolutely real news

  • @veryverygentle
    @veryverygentle 5 лет назад +19

    6:14 "is it possible to undo the catch-up China has done?"
    Really? How about go improve yourself, rather than impeding others?

    • @MidnightJerry
      @MidnightJerry 5 лет назад

      Exactly!

    • @Wolfangs88
      @Wolfangs88 5 лет назад +1

      @Joe Michaels What rules? The sames rules made the USA and its lapdogs?

    • @Wolfangs88
      @Wolfangs88 5 лет назад +3

      @Joe Michaels
      1909: Payne-Aldrich Tariff Act
      1913: Revenue Act of 1913 (Underwood Tariff)
      1921: Emergency Tariff of 1921
      1922: Fordney-McCumber Tariff
      1930: Smoot-Hawley Tariff Act
      1934: Reciprocal Tariff Act
      1947: General Agreement on Tariffs and Trade
      1962: Trade Expansion Act
      1974: Trade Act of 1974
      1979: Trade Agreements Act of 1979
      1984: Trade and Tariff Act of 1984
      1988: Omnibus Foreign Trade and Competitiveness Act
      2002: 2002 United States steel tariff
      2002: Trade Act of 2002
      2009: Chinese tire tariffs
      2018: Trump tariffs
      Free trade you said?

    • @newcrew4554
      @newcrew4554 5 лет назад +3

      @J M well, China is the biggest training partner with over 120 countries, why aren't other people complaining? More and more countries joined China's Belt and road initiative, are other countries stupid? You Americans should try to solve your own problems instead of finding ways to blame others, period

    • @newcrew4554
      @newcrew4554 5 лет назад +2

      @J M The US wants to rule the world and make everybody follow you, but at least you should play fair, if not, the big brother becomes the big bully, there will be a backlash soon or later. No one likes prostituting themselves to the US. You cause more trouble than problem fixed.

  • @rusminnoer632
    @rusminnoer632 5 лет назад +3

    Tom Friedman is good. Clear mind.

  • @clarayuanyuanhou4123
    @clarayuanyuanhou4123 5 лет назад +2

    Not only do Americans buy Chinese goods(toys and clothes), but Chinese people also buy lots of American products. As ordinary chinese families buy a lot of American products, including FORD(my dad's car ), BUICK, CADILLAC(my neighbor), APPLE(laptops, phones, ipads), my mum is a loyal customer of ESTEE LAUDER, while i'm using KIEHL'S...Some of our colthes brands are also from USA(NIKE, ADIDAS, UNDER ARMOUR, LEVI'S, GAP, CARTER'S FOR KIDS,SKIP HOP FOR KIDS... ), and agricultural products such as CHERRY SWEET ORANGE, BEEF, AND SO ON. Countless products are sold in China which has huge popularity of consumers nowadays, and I think if it continue the trade war, it will damage the both countries's economic and life quality of people and it will be a Retrogression of civilization. And our people are always warmly welcome the globalization and development of HIGH-TECH(AI, TELECOMMUNICATION etc.)

    • @clarayuanyuanhou4123
      @clarayuanyuanhou4123 5 лет назад

      @J M It's still a mystery. I think China produces low-value added products but with very large quantity as china has cheap labor and the lower environmental standards(sweatshop and environmental pollution). And I think US got more profit from this trade relationship cuz most of brands and companies are belong to U.S or other developed countries. Have you ever heard of 996 in China which means working from 9am to 9pm six days per week without overtime pay and this is quit normal in China. Can you imagine if all of these had happened in U.S? LOL

  • @tadcermak4707
    @tadcermak4707 5 лет назад +1

    My best friend at M.I.T was a smart black American guy from Atlanta. My best friend dated several Chinese women. My black American friend had a Chinese girlfriend named Chin. Chin told us one day while touring Boston that China does cheat on trade.

    • @perkymt
      @perkymt 3 года назад

      Any proof?

  • @theclarifier3646
    @theclarifier3646 5 лет назад +17

    In 5G technology they are already ahead.

    • @johnsmith1474
      @johnsmith1474 5 лет назад +2

      Who cares? What's 5G tech to you? Faster streaming games on your phone? We are better off without it.

    • @EastMilk
      @EastMilk 5 лет назад

      @@johnsmith1474 It's sad that you can only think of "games" as the only application of 5G...
      You're either a 13 yr old
      or you're from the 1940's...

    • @EastMilk
      @EastMilk 5 лет назад

      @Oiy! not insulting.. just guessing the person's age based on what they said.
      why you butthurt so easily?? 😂😂😂

    • @johnsmith1474
      @johnsmith1474 5 лет назад +2

      @@EastMilk - Ok genius, tell me what I do not know. Why is a 5G network more useful for text & talk than 4G? Why is 5G more than higher throughput? Why is it NOT about content delivery & therefore advertising? Keep in mind I was writing in C before you were born, so I understand technology. Go, teach me what you know.

    • @EastMilk
      @EastMilk 5 лет назад

      @Oiy! 😂 I did actually, I reminded the person to double check their statement and maybe learn something out of it.
      In fact, you're the one who said nothing of value, other than resorting to sarcasm 😂😂
      It's okay to admit you were butthurt...

  • @lawrencesullivan3307
    @lawrencesullivan3307 5 лет назад +17

    "good artists copy, great artists steal" said by the great Chinese leader Steve Jobs. Watch "Pirates of Silicon Valley" available on RUclips

    • @proudtobewhiteprivileged9530
      @proudtobewhiteprivileged9530 5 лет назад

      confisis stated that many years ago BC
      (before communism)

    • @proudtobewhiteprivileged9530
      @proudtobewhiteprivileged9530 5 лет назад +1

      “By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.”

    • @yanhaoli6529
      @yanhaoli6529 5 лет назад

      @J MHe did. Apple stole the design of Ipod from a Singapore company and eventually paid 100 millions in settlement

  • @pekingman3034
    @pekingman3034 5 лет назад +5

    Five thousand years ago, we faced floods like the ancient Egyptians;
    Four thousand years ago, we played bronzes like the Babylonians;
    Three thousand years ago, we thought about philosophy like the ancient Greeks;
    Two thousand years ago, we expanded our frontier like the Romans;
    A thousand years ago, we were as rich as the Arabs;
    Now, we confront the challenge from the United States.
    For five thousand years, we have been playing mahjong at the world table as always while other players have been long gone.

    • @pekingman3034
      @pekingman3034 5 лет назад +1

      @MrIntelligentdesign from 5000 years ago Chinese have believe that,we can control our own fate,not beg for god.We build the big dams and channels to defend the land from flood, not just flee to Noah's Ark
      China is the only one civilazition that last from 5000 year ago to now..Egpyt,Babylonians,all change the people.

    • @pekingman3034
      @pekingman3034 5 лет назад

      @MrIntelligentdesign In China we believe the universe had come from Tao.Very hard to discribe that..

    • @pakpala1
      @pakpala1 5 лет назад

      The end of the American empire is coming soon. Hope China will be better than these racist, sexist and bigoted white men.

    • @pekingman3034
      @pekingman3034 5 лет назад

      @Ross Piyan you are right ,that is Chinese high IQ games..AI now can beat human being in chess but not in Mahjong

    • @pekingman3034
      @pekingman3034 5 лет назад

      @@nobey1kanobey Christ is the son send by god
      He is not the god

  • @dancingsun649
    @dancingsun649 5 лет назад

    The guy told the truth. It's not about economic, but politics. Most people thought there will be a deal, but they may be disappointed. China will not accept what Trump's offer. People is guessing who the winner will be. However, they're misunderstanding rules of the game. It's not about "win or lose" , but it's a game of "who is able to suffer". You can keep punching his face. The question is, he can suffer the pains on his face, can you suffer the pains on your fist?

  • @Tsnore
    @Tsnore 5 лет назад +1

    Should we listen to a guy who was a grand champion of the US invading Iraq circa 2002-2003?

  • @南島民國超級大桶領
    @南島民國超級大桶領 5 лет назад +1

    In a word, Chinese outsmarts you and you just call this IP theft😅 Shame

  • @MrSupergibs
    @MrSupergibs 5 лет назад +13

    Saw the video, the title is all wrong!!!

    • @CmanCorporations
      @CmanCorporations 5 лет назад

      How do you figure?

    • @jorgeponce5512
      @jorgeponce5512 5 лет назад

      The discussion everywhere in MSM is framed about trade. That is 10% of the conflict. 90% of what Lighthizer and Navarro are negotiating is about INVESTMENT INSIDE CHINA, i.e. opening more sectors of the Chinese economy for investment, no more forced joint ventures with a Chinese partner and no more 50-50 equity (especially in high-tech sectors), no more subsidies for the so-called "Champions" i.e. the big behemoths like Huawei and Tencent, and of course, the big strategic issue of no more forced transfer of technology in exchange for market access and no more technological espionage and theft.

    • @Withnail1969
      @Withnail1969 5 лет назад

      @@jorgeponce5512 if American companies don't like the terms they are offered, they don't have to trade in China.

    • @jorgeponce5512
      @jorgeponce5512 5 лет назад +1

      @@Withnail1969 Agree. They can all come back to America and pay Chinese salaries.
      ruclips.net/video/VRmi28fjNOs/видео.html

    • @jorgeponce5512
      @jorgeponce5512 5 лет назад

      @@Withnail1969 You know what sarcasm means, I hope.

  • @andychow5509
    @andychow5509 5 лет назад

    Hindsight is 20/20. The trick is to get it done before knowing how things will turn out.

  • @weiluo1343
    @weiluo1343 5 лет назад +2

    Some westerners are simply ignorant coward and have no courage to accept the reality of China successfully playing a catch-up game in an open world market. China has learned or bought technology from the west. China paid its tuition! Both parties benefited in a technology or knowledge transfer. Both parties did it willingly. If you think China benefited more from a technology transfer, you should raise your price instead of blaming China stealing your technology. But, don't be too greedy. If you raised your price by too much, China wouldn't buy it from you. It would be cheaper for Chinese to develop it by themselves. There are no lack of tech talents in China. It would just take a little bit longer for Chinese to master the tech by themselves. But eventually they will still master it.

    • @dennisp8520
      @dennisp8520 5 лет назад

      Paying to license our technology is one thing. Chinese companies outright stole. That is a big difference friend. Please take a class on business ethics to understand further what I mean. Not to mention China has left their market closed off and rigged it so that only Chinese companies can do business. That is not a free market.

  • @Lordismyshepered
    @Lordismyshepered 5 лет назад +4

    Trump needs to raise the tariff to 150 percent. Enough is enough!

  • @andyprem
    @andyprem 5 лет назад +5

    just rubbish . not economics

    • @andyprem
      @andyprem 5 лет назад

      @Joe Michaels the guy is only concerned with containing China. nothing else. That will not work no matter the song and dance.

    • @andyprem
      @andyprem 5 лет назад +1

      @Joe MichaelsMichaels have you travelled to Asia recently. Go see how much China has helped change most of those countries. They have huge markets there. The Trade war is just nothing more than what happened with Japan in the 80s and south east asia in the 90. just containment

  • @jeffreyheggins1902
    @jeffreyheggins1902 5 лет назад +3

    President Trump knows what he's doing. God bless President Trump and his family.

  • @jimpollard113
    @jimpollard113 5 лет назад +5

    Success of the Chinese economic model is reliant upon state owned enterprise. They supply energy, raw materials and financing to the manufacturing sector at prices that are artificially low ( 1/6 to 1/10th the cost paid elsewhere). This gives their manufacturing sector an advantage that cannot be met by manufactures in other economies. Labor is not the issue because cheaper labor can be found elsewhere. Another advantage is state owned shipping (Cosco) that transports the finished manufactured goods worldwide to their intended market (again at 1/6 to 1/10th the cost). Producers in China, in addition to sourcing components and raw materials from other SOEs below cost, avail themselves of government financing for R&D and technology acquisition (legally, and through theft).

    • @bobjoes3593
      @bobjoes3593 2 года назад

      I love America but our economy since the dot com bubble has been a cycle of false bubbles built on federal tax dollars or federal tax cuts for this industry or that. Another false market, another few trillion lost by the middle class. Another few trillion in tax burden.

    • @bobjoes3593
      @bobjoes3593 2 года назад

      One cause of inflation is government overspending in combination with several market collapses.

    • @bobjoes3593
      @bobjoes3593 2 года назад

      We will prevail. The number one threat to America is the dollar. Save the dollar.

  • @Mike-us1wr
    @Mike-us1wr 5 лет назад

    I used to like him and then dislike his position against Trump. Now he started to support Trump handling trade deal. Excellent!

  • @TheGrasspond
    @TheGrasspond 5 лет назад +7

    Great explanation!! who would have guessed it would come from NYT

    • @adamrhaman5833
      @adamrhaman5833 5 лет назад

      NYT is an American news paper, and they support their country.

    • @gadget00
      @gadget00 5 лет назад

      Absolutely; very strong arguments

  • @samsu188
    @samsu188 5 лет назад

    Like I said multiple times, the US has every right to distrust China and protect US citizens and US companies, and these goals can be completely achieved by banning Huawei devices in US companies and government. HOWEVER, just because you don’t trust Huawei, doesn’t mean you have the right to kill the foreign company. Signing an executive order to ban Huawei from purchasing supplies from the US is not self defense, it’s murder. This is unprecedented in modern history. and the US really showed what free market means to them.

    • @TrendyStone
      @TrendyStone 5 лет назад

      It's called hard ball. China plays hard ball. Trump is the first president in a LONG time to match their approach.

    • @samsu188
      @samsu188 5 лет назад

      @@TrendyStone what did the Chinese government do in order to kill a US company? name it?

  • @jhhwanghwang888
    @jhhwanghwang888 5 лет назад +4

    Tom WHO?
    Friedrice pretending TO BE PRESIDENT.
    HE, SMARTER THAN
    PRESIDENT TRUMP ?
    Try being congressman first.
    JUST BIG TALKER FRIEDRICE.

    • @christianronaldo4519
      @christianronaldo4519 5 лет назад

      LOL

    • @patrusso7278
      @patrusso7278 5 лет назад +1

      Hahahaha!@ friedrice! Now that's funny.😂

    • @kittykatcongregationllc2186
      @kittykatcongregationllc2186 5 лет назад

      Why? Unlike you slaves in China we dont have be in the 2% to Express our opinion freely. Now turn the fuck around and bend over for your government. Enjoy!

  • @itelephone8796
    @itelephone8796 5 лет назад +13

    You left China no choice when you denied them participation in the ISS. Of course everybody would do what the Chinese did instead of waiting around for you to come with an offer. Ha!

  • @dhuang81514
    @dhuang81514 5 лет назад +5

    So we are just bitching that China is playing a smarter and brutal strategy than us.... don't complain when the other side plays the game. Also regarding telecom, my question is, why would China want to build its future on american telecom? As if americans wouldnt try to steal data from China lol

    • @patrusso7278
      @patrusso7278 5 лет назад +1

      ... so we should now knowingly let China spyware in USA? Come on.

  • @wendelrichard5
    @wendelrichard5 5 лет назад +4

    Exactly, they would be RAPIDLY out competed

  • @laopang91362
    @laopang91362 5 лет назад +3

    He wants China to just make toys and supply Dollar General....

  • @wendelrichard5
    @wendelrichard5 5 лет назад +1

    I don't care where it is, I will meet him. Hainan Island is nice, though

  • @whithaw
    @whithaw 5 лет назад +2

    This must be done. Trump's predecessors were too weak to take action, and Trump is taking the flak because of their prior inaction. China has grown and profited greatly because of American consumerism, while corporations decided to outsource many of our jobs.
    Trump's actions, which Wall Street will inevitably claim to be dumb, should have been taken long ago. Wall Street's views have never been about Main Street, but Trump's concerns are with Main Street.

  • @itloads
    @itloads 5 лет назад +6

    Tail end of the interview shows how clueless Tom Friedman is.

    • @naguoning
      @naguoning 5 лет назад +1

      Your right the tail end is ridiculous, but otherwise his ideas are basically correct.

  • @ylcalif3681
    @ylcalif3681 5 лет назад +2

    Previous leaders in Washington gave away our technology & resources to China, etc. for campaign contributions.
    Example: Hillary gave China satellite technology. China still couldn't make it work so we sent techs over to teach them how to use it.

  • @dennis389er7
    @dennis389er7 5 лет назад

    Total agree

  • @uhvman
    @uhvman 5 лет назад

    We will still jail the traitor. Him waking up changes nothing for his crimes last 30 years. Better yet, make him live on the streets of USA. Notice how he never mentions the American worker still.

  • @himinghii1597
    @himinghii1597 5 лет назад

    Again it is national interests that decide how America and China will behave to each other.

  • @FoxD-rc2tb
    @FoxD-rc2tb 5 лет назад +1

    Uh hu hu mu hu uh
    Great interview 👍

  • @qinby1182
    @qinby1182 5 лет назад +7

    For once Friedman actually made SOME sense.. I am really surprised, I hate the guy...
    But really how dare the US (Friedman) talk about values??? seems like a bad strategy to me...
    As for "Protecting their companies and grow them" So does the US, look at Boeing... just one example.
    And if it works, do it, most do.

  • @sstchan924
    @sstchan924 5 лет назад

    What leverage? Which side has the strongest one? Success on any negotiation rest on the strength of leverage.

  • @myessyallyahcbssjr9618
    @myessyallyahcbssjr9618 5 лет назад

    Being the best American alive brings me no joy

  • @MarcusLeepapi
    @MarcusLeepapi 5 лет назад

    Very nice...

  • @MrDuds1984
    @MrDuds1984 5 лет назад +3

    Amazing how we are talking about China like we were talking about Japan in the late 1980's before their economy collapsed

    • @AbuSous2000PR
      @AbuSous2000PR 5 лет назад

      I remember that
      The US cannot fathom being No. 2.... as if it is terrible to be No. 2
      Sadly... This is a natural american instinct
      They always do it
      This exposes deep insecurities

    • @MrDuds1984
      @MrDuds1984 5 лет назад

      Abu al-Sous hard to disagree with that, with me I always wondered why. For instance NK or Iran with nukes, we can’t have them have nukes, so it’s ok for us to have them but other countries can’t? Hypocrisy is rampant

  • @frankblangeard8865
    @frankblangeard8865 5 лет назад +3

    Values? What 'values' does the U.S. have?

    • @bashanti83
      @bashanti83 5 лет назад

      We value money. And.... um let me think

  • @bigloo2003
    @bigloo2003 5 лет назад +1

    Sadly, that's the only thing I agree with Pres Trump.

  • @jerrytkaczyk7372
    @jerrytkaczyk7372 5 лет назад

    Trumps doing it rite! He’s just a good ole boy being transparent with the American citizens. I for one appreciate leaders that are transparent with us not negotiating without the public’s approval. If we’re going to restore our republic we need more leadership like our president and his cabinet. Also, I’m sick of this “Nationalist” crap this is just a word people use that separates our country, we’re all Americans and need to stand together!

  • @ghimbos
    @ghimbos 5 лет назад +3

    Signing TPP would have meant giving up bilateral leverage in the current negotiation with China.
    Therefore not signing TPP was the right decision to make.

  • @mylesman48
    @mylesman48 5 лет назад

    The reality of dealing with China is that it's heads I win, tails you lose.

  • @bamboo9040
    @bamboo9040 5 лет назад

    I think this guy is mostly right on how to deal with this trade war with China. #trump2020 #KeepAmericaGreat #trumppence2020

  • @3nien
    @3nien 5 лет назад +1

    When Tom Friedman said that Trump was the president for China, what he meant was that we had dealt with China with all the smart people and it didn’t work, let’s send in a clown and see what happens.

    • @patrusso7278
      @patrusso7278 5 лет назад

      No... lets keep leaders like Clinton's Bushes and Obama who just sell out the country!! Yeah... great idea genius.

    • @3nien
      @3nien 5 лет назад

      Pat Russo
      The deficit is the highest in 10 years. American farmers are bankrupt. American taxpayers are paying for the wall. American debt to GDP increased to 150%, $150 billion of tariffs are paid by American consumers. Trump’s own business lost $1 billion, highest than anyone in the US history.

  • @CherieBeck
    @CherieBeck 5 лет назад

    Yeah, well. Since this is THE most important issue of our times, if Tom Friedman had the answers and approach to effectively navigate these waters he would undoubtably be involved in bringing it about. Bannon at least continues to push forward his involvement. Trumps transparency and public face of these issues is what give Friedman's opinions juice and gives the American public the information we need to be a part of the solution. Tom Friedman doesn't understand the full implications of the changes that are occurring at this time thinking that behind closed doors is what solves this problem. Behind closed doors created this situation. Trump is the President China needs, America needs and the World needs. That is why he where he is, in the White House while Mr. Friedman continues to write op eds.

  • @getsmart6900
    @getsmart6900 5 лет назад +2

    Im sorry when my neighbor stole my Willie Mays rookie card I bloody his nose...simple response, but he never stole anything ever again...beware China

    • @victorchao2405
      @victorchao2405 5 лет назад

      Right, that's not bullying, that's standing up for yourself.

    • @perkymt
      @perkymt 3 года назад

      Yes, great idea resolve by killing. US has NO RIGHT to point their fingers at any countries, they are NO angels.

  • @jchess78
    @jchess78 5 лет назад

    TPP would not have passed in the Senate or House...Trump was right to cancel it. Obama didn’t even want to.

  • @travisc5658
    @travisc5658 5 лет назад

    I like this interview.guy is smart and dude doing well calling out him for not answering and demanding better answers to good questions... then he gives better answers, sounds good, but definately a long game. Nothing wrong with that, it's hard and tough n I'm proud for trump. He needs more support to force a suffer for greater good. Its noble.

  • @chrisschill9222
    @chrisschill9222 5 лет назад

    So right

  • @chris14091975
    @chris14091975 5 лет назад

    For the first time, a NYT’s editorial writer agrees with Donald Trump.

    • @ScottR10
      @ScottR10 5 лет назад

      He has to...youd be an idiot not to...

  • @JayEm74
    @JayEm74 5 лет назад +4

    objective commentary, from an econ 101 standpoint

  • @Athenaikos
    @Athenaikos 5 лет назад +1

    So basically, most probably "no deal".

  • @mesalady2007
    @mesalady2007 5 лет назад +4

    China has firewall. People do not have access to Twitter or RUclips.

    • @davidhynes
      @davidhynes 5 лет назад

      That what I do not understand China has a firewall, but they want to install Hauwei in all the world, I believe now Hauwei is a spy for the CCP.

    • @mesalady2007
      @mesalady2007 5 лет назад

      @@davidhynes , Huawei's real boss is CCP.

    • @BensonMTG
      @BensonMTG 5 лет назад

      Downvoted for making a boring, vanilla, generic fact. How about some real criticism?

    • @keanureeves6522
      @keanureeves6522 5 лет назад

      @@davidhynes Huawei is just a private enterprise, not a public one

    • @BrendanGeormer
      @BrendanGeormer 5 лет назад

      It's incredibly ironic that people using VPNs to bypass the firewall to access sites like RUclips and Twitter to then gloat about and argue in favor of China.

  • @HashimWarren
    @HashimWarren 5 лет назад

    "But no trade war will solve that"
    Friedman: **waves his hands, keep going**

  • @Stephen-zq2wf
    @Stephen-zq2wf 5 лет назад

    While I may not Always Agree ... Glad to See / Hear Mr Friedman's Knowledge / Global Perspective is being Focused on USA Vs Bashing President Trump .. Glad to See he is Stepping Out of his Political Shell.

    • @Stephen-zq2wf
      @Stephen-zq2wf 5 лет назад

      Is T Friedman becoming a Nationalist Vs Globalist ?

  • @bpk8320
    @bpk8320 5 лет назад +1

    tom, your years of reputation just go down the drain.

  • @primeparadox9796
    @primeparadox9796 5 лет назад +2

    “Send your top three negotiators in private”... why would they say yes? This guy is all hot air.

  • @jdanorthwest
    @jdanorthwest 5 лет назад +4

    When a so-called expert uses expressions like "call the game" it suggests to me they know little about the global economy but quite a bit about smoke and mirrors. This guy is a quack

  • @douglaswong8610
    @douglaswong8610 5 лет назад

    Why do American never got tomboys source?
    Because American always have Ketchup (catch up)
    Hahaha

  • @ZK-wl1up
    @ZK-wl1up 5 лет назад

    Actually which intellectual properties have been stolen by China? Never heard about the details.

  • @MIncredible
    @MIncredible 5 лет назад +2

    Hey, what happened to capitalism?

    • @dennisp8520
      @dennisp8520 5 лет назад

      Stealing and cheating is not Capitalism. What China is doing is not Capitalism. Can't have good relationship if you don't follow business ethics.

  • @yongshankoh7344
    @yongshankoh7344 5 лет назад

    I totally agree with Tom Friedman that steel and aluminium tariffs was a wrong move and that he should have gotten the Europeans behind him, but I doubt that any European government would dare to offend China and with Brexit even Britain would not want to offend China. In addition, he should have considered Chinese love face so much some are willing to starve rather than lose face. However, even in private, its quite a long shot to get the Chinese to agree to something such as an enforcement mechanism and to eliminate subsidies, stop forced technology transfers etc etc... Nevertheless, these are just what-if scenarios...

  • @johnvillalovos4281
    @johnvillalovos4281 5 лет назад +1

    TRUMP2020

  • @KellytheCoach
    @KellytheCoach 5 лет назад +1

    Great Interview. Tom seems like a very sharp guy and quite realistic. Great communicator as well.

  • @ssil5237
    @ssil5237 5 лет назад +2

    Think about what Chinese did to Google, and Facebook, Amazon.

  • @wangshang101
    @wangshang101 5 лет назад +1

    Tom Friedman is really smart and rational about this US-China trade war. I am 100% agree with him.

  • @jchess78
    @jchess78 5 лет назад +1

    I disagree Trump is wise to do this publicly. Makes everything transparent and you can hold China accountable

  • @JD-ck9xf
    @JD-ck9xf 5 лет назад

    Chinese authorities have let the yuan’s exchange rate depreciate by about 15 per cent against the US dollar since the onset of the US trade conflict in March of last year and (in my opinion) will continue to devalue this currency until it fully offsets Trump's tariffs.

  • @gfsrow
    @gfsrow 5 лет назад

    For Tom Friedman - your points are irrelevant. China will eventually move into the #1 slot, that is inevitable. They are four times as big as we are, and their history of ingenuity and entrepreneurial energy is unrivalled. As for Huawei's hardware and software, they are ahead because R&D efforts became lax; China has been investing significant percentages into its infrastructure and technology R&D, whereas USA has become complacent for decades behind "trickle down" nonsense. USA simply has to step up its game, rather than crying about someone else having better technology. As for the current "trade imbalance" between USA and China, that is not something that tariffs can satisfactorily address. In the first case, the U.S. dollar is the international currency, therefore USA will ALWAYS have a trade deficit, regardless of the various movements of exports and imports. Secondly, regarding the real issues at stake here (IP protection, market access), China has already been making significant steps to reform both of those, plus the TPP was the best forum with which to address those issues. A tariff slugest is not the way to approach those complex fine-print issues. Lastly, as for the so-called deep structural changes that Trump wants to force on China, that is simply not going to happen, not ever, not unless the Chinese themselves might want to do that - which won't happen anytime soon. As for the "leverage" you speak about (i.e., U.S. leverage over China), and/or the U.S. Navy in the Pacific, once again those are transient targets, and USA will not always be in the top position in those respects. Indeed, it is inevitable that China and/or Asia will eventually, sooner or later, occupy those powerful positions. Therefore, what is of paramount importance now, for USA to focus on and to prioritize, is supporting and strengthening international instititutions as well as multi-lateral agreements. Only an international framework will be able to keep all players at the table as the years and decades progress. USA will certainly not be able to do that unilaterally, and perhaps not even as a joint effort together with many of our allies. The international framework is now becoming key, the primary player, and USA needs to realize that and bite that bullet, so to speak. The huge efforts by many in D.C., for many years and decades, to safeguard U.S. "sovereignty," while simultaneously caring little about the sovereignty of others (e.g., in NATO, and in the UN), need finally to be recognized for what they've been - namely, an exercise in hubris whose time and effectiveness is over. Mr. Friedman, I'm more than a little surprised - given your thorough and carefully researched positions vis-a-vis the Middle East - that you would now succumb to such superficial and ineffective suggestions such as USA using its "leverage" over China, and for USA to also seek redress in these issues of technology via the negotiating table - when there really is no more leverage, and when technology is a matter of R&D rather than of leverage.

  • @wanglonglongsg
    @wanglonglongsg 5 лет назад

    What are the values behind US spying word-wide? I am lost.

  • @woodensurfer
    @woodensurfer 5 лет назад +1

    How is buying a robotics company theft?

  • @SK-yb7bx
    @SK-yb7bx 5 лет назад

    Is this the competitor the West needs to pressure us into getting back in shape?

  • @evandeaver7384
    @evandeaver7384 5 лет назад

    kinda impressed here. first time watching CNBC!

    • @evandeaver7384
      @evandeaver7384 5 лет назад

      Thomas Headley yea but that’s a naive way of saying it

    • @evandeaver7384
      @evandeaver7384 5 лет назад

      With all the censorship it’s becoming more like an attempt at mind control.

  • @KilgoreTrout11235
    @KilgoreTrout11235 5 лет назад

    DO in this complex and nuanced situation that needs care, intelligence and even subtly the US needs a president that doesn't seem to even understand what a tariff is.

  • @dwr1611
    @dwr1611 5 лет назад +2

    wow Friedman.....nailed it......u really do know how to break down issues to their basic components!