Its use of state power to throttle the development of a fore

foreign company not only jeopardizes fairness and justice in world trade, it

also poses a tangible threat to the security of 5G networks.

As Huawei said in a statement, “If the US restricts Huawei, it will not make the US safer, nor will

it make the US stronger. It will only force the US to use inferior and expensive alternative equipment.”

Inferior equipment that might be exploited by criminals and terrorists.

That the order is politically motivated rather than for security purposes can be seen from the fact that i

t is merely the latest in a series of moves by Washington targeting Huawei-one of which was particularly despicable.

It has also tried to rally its allies to its cause, most recently at a conference in Prague on May 2-3. But i

t has been unable to persuade them that it is not simply being malicious in pursuit of putting America first.

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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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As the state was looking for innovative ways to tackle

 the Asian carp problem, Kentucky awarded Yu its first-ever fish house contract in fall last year. Under the deal, Yu’s Kentucky Fish

Center will buy Asian carp at a guaranteed price, with part of this coming from a government subsidy.

All fish at the center will be sold by auction to buyers in the US or overseas. S

ales will be overseen by the Kentucky Department of Fish and Wildlife Resources.

Kentucky provided a secured $734,000 fixed-assets loan to help the center begin oper

ating. Additional incentives will be awarded every year based on performance.

The center needs to reach certain goals: to remove 2.26 million kg of Asian

carp from Kentucky waters this year and increase that amount gradually to just ov

er 9 million kg annually by 2024. If those goals are met, the loan will be waived.

The entire program will cost Kentucky about $4 million.

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