Trump tariffs

China is often accused of intellectual property theft but how they do it is rarely explained. A good example is Westinghouse nuclear power plants. They started research and development in the 1950's and after many years and many dollars they came up with the process and how to build the plant. In 1995 the World Trade Organization started and a panel of judges was set up to determined trade rules. In 2001 China joined the WTO and began to circumvent the rules. Westinghouse went to China to build nuclear power plants but China demanded they have access to all private information. This was a pattern that China followed with all companies that wanted to do business in China. Westinghouse built 4 reactors and that was the end. Today China has 56 reactors all build by the Chinese government using Westinghouse technology. They were able to get away with this because they tied up any disputes in the WTO and dragged approvals out for years. During Trump’s first term he blocked the appointment of judges to the WTO to keep China from stealing intellectual property. He followed this up by placing tariffs on Chinese goods. Biden continued these and added to the tariffs and in Trumps second term he further increased the tariffs. This example of Westinghouse was repeated by China on every company that wanted to do business in China and continues to this day. China uses stolen technology and government subsidies to flood the market with cheap products and run the competition out of business. In the late 1990’s the US was the world leader in solar panel production. China, once again, used stolen technology and government subsidies to take over the market. Today China produces 80% of the solar panel market and US companies continually go broke trying to compete. Trump is tying to put a stop to this dumping of products by using tariffs.