We are told a \u201ctrade war\u201d has started with China and investors are panicking. They point to President Trump\u2019s latest tariff hikes and China\u2019s retaliatory ones to justify massive sell-offs on Wall Street and Chinese markets yesterday.<\/p>\n\n\n\n
In fact, the PRC has been at war with the United States for decades. Unfortunately, that war is not restricted to China\u2019s aggressively predatory trade practices, including the destruction of America\u2019s manufacturing base and the annual theft of $500 billion worth of our intellectual property.<\/p>\n\n\n\n
Rather, as the new Committee on the Present Danger: China has been documenting, Beijing has long pursued \u201cunrestricted warfare\u201d against our country involving economic and financial techniques, influence operations, the space and cyber domains and a massive military build-up. The Trump presidency may be our last chance to recognize these threats \u2013 and defeat them.<\/p>\n\n\n\n