Comments by "David Wong" (@davidwong5197) on "The China trade deal Trump wants is not possible, Tom Friedman says" video.

Audio They have been moving for years. The labor is too high in China, For every Chinese workers, you can hire three Vietnamese. Check the sneakers. They're made in Vietnam. But have no fear, Trump is planning to put tariff on Vietnam and India too.
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@jeffkok9170 You are so wrong. Huawei made their phones just like anybody else and they NEVER manufactured for anybody. They used chips from Qualcomm for their smartphone and chips from Taiwan for their other phones. It is the world's largest Telecom company. Huawei also have 1/3 of the essential patents for 5G. Verizon used 235 of their patents and will have to pay $1 billion in licensing fee. If the technology is stolen, it will be US trying to steal Huawei's IP. Rubio introduced a bill to NOT pay any fee to Huawei for their patents. Imagine that the rest of the world will use that as a precedent and rip off all the drug patents. I guessed that's Trump's secret plan to reduce the drug prize. Don't believe the IP theft hype. US does not have ANY 5G technology to be stolen.
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@basook6116 I'm not so sure. I think the congress (rubio) thinks by slowing down Huawei, US can compete with Huawei. However, US company value gross margin more than net profit. This is not an ideal market for US companiesw to get into.
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@chrisccc22 Dude, you are making too much sense. However, American companies are mostly run by greed. After 2000, most US telecom manufacturers crashed. This is because they used to have a captive market. After ATT broke up, the market became competitive. The margin became smaller. The CEOs are rewarded when stock prize goes up. Lower margin and stock prize are not compatible, that is why nobody in US invested in 5G. There are only 3 5 G manufacturers, Huawei, Nokia and Ericsson. Samsung is next maybe next year. In the US the only company that can do 5G is Cisco. Their only 5G offering is just the security platform. Much higher margin with captive customer, the US government.
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China did make a lot of progress in the last 30 years. But it still have lots of rooms to improve. Over hyping is not gonna help progress.
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My understanding was Trump wanted to retain the tariff until the trade is balance. You have a very good question though. I also want to ask Tom, what market is not opened up. GM sold more cars in China than US. Cadillac had a 30% increase in sales, all in China. McDonald, Pizza Hut, Starbucks, Walmart are all making a ton of money. Rubio wanted to tax Chinese investment in US. I am sure these companies will really appreciated the help. And Sheldon Alderson (rubio's benefactor owns Sands Casino and is rumored to be making $1billion a month will certainly appreciated it. I think at the end of the day money talks and bullshit walks.
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@Amidat The past sin is only copying the command line interface that no one used.
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