The government of China awarded U.S. President Donald Trump valuable rights to his own name this week, in the form of a 10-year trademark for construction services.
The registration became official on Feb. 14 and was published in a trademark registration announcement on the website of China’s Trademark Office on Wednesday.
This may well be the first foreign trademark to be handed to Trump during his presidency, but is unlikely to be the last.** In China alone he has 49 pending trademark applications and 77 marks already registered in his own name, most of which will come up for renewal during his term.**
Critics say Trump’s global intellectual property interests could be used by foreign states as leverage over the president and may violate the emoluments clause of the U.S. Constitution, which bars public servants from accepting anything of value from foreign governments unless explicitly approved by Congress. These concerns are particularly sharp in China, where the courts and bureaucracy reflect the will of the ruling Communist Party. :eek:
Nothing to see here folks, no conflict of interest that will impact foreign policy. I wonder how much this is going to cost the American worker.
American businesses have put more than $5 trillion into plant and equipment on the mainland since the turn of this century. Some of the resulting production goes into the Chinese market and a lot is exported back to the U.S. There are supply chains to think about—U.S.-based manufacturers sourcing components in China.
In 2000, the GOP passed a bill to extend the status of permanent normal trade relations to China. The results:
** $8.7 trillion of trade deficits since 2000 to China.** Due to the trade deficit with China,3.4 million jobs were lost between 2001 and 2015. Without this bill, U.S. GDP would between $18.7 trillion to $27 trillion!
Can you imagine the Chinese communist party passing a stimulus package and importing goods from the United States? Can you imagine the Chinese pushing for spending their tax dollars buying American goods?
On top of that China’s currency manipulation lowers the cost of China’s exports, hurting U.S. workers and businesses.
Corporate American and the GOP fuel the economic engine of** Communist** country. An adversary who is hostile to American interests. :eek:
Corporate America created one of the largest ponzi schemes ever outsourcing our technology, manufacturing jobs oversees. They then hire corporate shrills, spinmeisters carnival barkers to blame the lazy, shiftless unemployed worker for dependency on taxpayer social services.
Under the unregulated capitalist banner of Gordon Geeko “Greed is Good. Baby” Maximize profits, minimize loses and the only loyalty is to the shareholders and investors.
As validated by Greenspan "I found a flaw. An infectious greed seemed to grip much of our business community.** Our historical guardians of financial information were overwhelmed, I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms."
So basically the GOP believes in fueling the economic engine of communism rather than fueling the economic engine of a free democratic society.
NAFTA was GOP bill drafted, negotiated, signed Bush senior overwhelming pass by GOP establishment. Ross Perot, who would have be a great president, argued against it warning of the consequences of largest vacuum of jobs out of this country you will ever see. Add on the trillions dollars of endless GOP wars and more to come. You is standing up against the oligarchs and corporate interests in this country? :shrug: