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Gary Cohn Calls China ‘Ally,’ Dismisses Economic Aggression

White House National Economic Council Director Gary Cohn described China as an “important ally” of t..

White House National Economic Council Director Gary Cohn described China as an “important ally” of the United States in an interview with Mike Allen of Axios on Wednesday — just days after President Donald Trump’s National Security Strategy described China as an adversarial “revisionist power.”

“Have your views on China changed while you have been in the administration?” Allen asked, alluding to Cohn’s differences of opinion with President Trump on issues such as Chinese currency manipulation.

“No,” Cohn replied to Allen.

“What will our posture with China be next year?” Allen asked.

“Look, we’re going to continue to work with China on geopolitical fronts,” said Cohn. “China is an important ally to us in the region.”

“But we’re also going to continue to work on our relationship with them on trade and trade balances, understanding that the Chinese economy is controlled at a central level, and many of their companies compete on unfair terms relative to our companies. That is not fair,” he continued.

“That said, we would love to, and want to, and need to, open 1.3 billion consumers to U.S. companies,” Cohn added. “So leveling the playing field—fair, open, free, reciprocal trade with China—is something where we want to go.”

“A year from now, will the U.S. be in a trade war?” Allen asked.

“No,” said Cohn.

He drew some chuckles from the audience with his next prediction, that he would still be working at the White House in three months despite holding these positions, adding that he saw his year in the Trump administration as the most “fascinating” year of his life and praising President Trump’s economic agenda.

Cohn’s view of China as an “important ally in the region” is considerably different from the portrait of an adversarial power seeking to undermine American strategic influence and economic power painted by President Trump’s National Security Strategy (NSS).

Granted that diplomacy demands referring to just about every country on Earth as a potential friend to America, if only they would cease whatever malicious policies they happen to be following, the NSS is still very clear about China’s status as an aggressor nation. For the benefit of those who think the Trump administration is somehow in thrall to Russia, nearly every warning about China in the NSS mentions Russia in the same sentence. For example: “China and Russia want to shape a world antithetical to U.S. values and interests.”

“China seeks to displace the United States in the Indo-Pacific region, expand the reaches of its state-driven economic model, and reorder the region in its favor,” the NSS states.

The document goes on to lament China’s failure to liberalize as it grew richer and more powerful, criticize it for attacking the sovereignty of other nations, and warn it is keenly interested in exporting its authoritarian philosophy around the world. China is the first national security threat discussed in the NSS, followed by Russia, Iran, and Islamist terrorist groups.

The NSS sees China moving aggressively to undermine American influence across Asia, using “economic inducements and penalties, influence operations, and implied military threats to persuade other states to heed its political and security agenda.”

“Its efforts to build and militarize outposts in the South China Sea endanger the free flow of trade, threaten the sovereignty of nations, and undermine regional stability,” the NSS advises. “China presents its ambitions as mutually beneficial, but Chinese dominance risks diminishing the sovereignty of many states in the Indo-Pacific. States throughout the region are calling for sustained U.S. leadership in a collective response that upholds a regional order respectful of sovereignty and independence.”

That seems like a fairly clear warning not to regard China as an ally that just happens to have a few unfair trade policies.

The NSS also comments on the high cost of opening Chinese markets to American consumers, as Cohn recommended. After noting that “competitors such as China steal U.S. intellectual property valued at hundreds of billions of dollars” each year, the document warns that such theft is not always perpetrated by computer hackers. Instead, “some actors use largely legitimate, legal transfers and relationships to gain access to fields, experts, and trusted foundries that fill their capability gaps and erode America’s long-term competitive advantages.”

In other words, the cost of gaining access to China’s 1.3 billion consumers often includes surrendering American technological innovations and intellectual capital to the communist nation, imposing costs the American people will be paying long after short-term profits have been collected by international enterprises.

Original Article

Breitbart

The post Gary Cohn Calls China ‘Ally,’ Dismisses Economic Aggression appeared first on News Wire Now.

World

Qatar is the president of 111th ILO Conference in Geneva

The 111th session of the International Labour Conference, organized by the International Labour Organization (ILO), is a highly anticipated event that will take place in Geneva from 5 to 16 June 2023. Chaired by Ali bin Samikh Al Marri, Qatar’s Minister of Labour, this conference reaffirms the commitment of the ILO and its member nations to labor issues. As we look forward to this significant gathering, it is important to recognize the ILO’s past efforts, celebrate its achievements, and shed light on its current President.

ILO’s Tripartite Structure and Achievements:

One of the unique aspects of the ILO is its tripartite structure, where representatives of governments, employers, and workers come together to discuss and approve standards, policies, and programs. This inclusive framework ensures a comprehensive approach to labor issues. The organization operates through three main bodies: the International Labour Conference, which formulates international labor standards annually; the Governing Body, responsible for policy decisions and budget; and the International Labour Office, the permanent secretariat that administers the organization and implements activities.

Over the years, the ILO has made significant contributions to labor rights and social justice. In recognition of its efforts, the organization was awarded the Nobel Peace Prize in 1969 for its work in improving fraternity, peace, and justice among nations. It has played a crucial role in pursuing decent work and providing technical assistance to developing nations. The ILO’s Global Commission on the Future of Work, convened in 2019, produced ten recommendations for governments to meet the challenges of the 21st-century labor environment, including the concept of a universal labor guarantee and lifelong learning.

President Ali bin Samikh Al Marri: A Champion for Workers’ Rights:

The upcoming conference will be chaired by Ali bin Samikh Al Marri, Qatar’s Minister of Labour, emphasizing the nation’s commitment to labor issues. As President of the 111th ILO Conference, Minister Al Marri brings his expertise and dedication to the table. Throughout his career, he has consistently advocated for workers’ rights and worked towards improving labor conditions. His leadership will undoubtedly contribute to productive discussions and outcomes during the conference.

Addressing Technological Disruptions and Green Economy:

The ILO has always been at the forefront of addressing emerging challenges in the world of work. The organization has assessed the impact of technological disruptions on employment globally, recognizing both the potential benefits and threats they pose. It acknowledges the need for timely actions to ensure a smooth transition and emphasizes the importance of human adaptability, competitiveness, and continuous upskilling.

Furthermore, the ILO has also examined the transition to a green economy and its implications for employment. It has found that with the right policies in place, a shift to a greener economy could create 24 million new jobs by 2030. Conversely, without such a transition, heat stress and temperature increases may lead to the loss of 72 million full-time jobs by 2030, particularly in agriculture. These findings highlight the ILO’s commitment to addressing the challenges of climate change and safeguarding workers’ interests.

The 111th ILO Conference holds immense importance as it brings together representatives from around the world to address pressing labor issues. With Ali bin Samikh Al Marri as the conference’s President, the event will benefit from his expertise and dedication to workers’ rights. The ILO’s tripartite structure, coupled with its remarkable achievements over the years, underscores its significance as a global advocate for labor rights and social justice. As the conference approaches, it is an opportune time to celebrate the ILO’s accomplishments and look forward to the positive impact this upcoming

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Benefits of Health Insurance

Health insurance is a critical part of protecting your health. It gives you peace of mind and allows you to focus on living a healthy life. Without it, your health can be threatened by unexpected medical expenses.

The cost of health care is skyrocketing in many areas of the world. Unexpected illnesses and injuries can leave a person in financial ruin.

A lack of health insurance can lead to medical debt and bankruptcy. Medical bills for emergencies can easily exceed thousands of dollars. Not only can these bills drain your savings, but they can also hurt your credit score.

Insurance providers are willing to adjust the terms of your plan based on changes in your lifestyle. In addition, you may qualify for a tax break or reduced premium.

Health insurance can cover the costs of preventive care, such as annual physicals, screenings, and vaccinations. Preventive care is an important way to avoid developing serious illness.

If you do become sick, your insurance will cover the costs of surgery, emergency room visits, and other treatments. You can even receive free preventive care through your health insurance.

Without health insurance, you will often delay seeing a doctor until you are very ill. This is a dangerous habit. When you are in pain, you are more likely to seek medical attention.

The lack of insurance also leads to a higher risk of death for uninsured adults. Women with breast cancer have a 49 percent greater risk of dying if they do not have health insurance.

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How to Build a Successful Business Without Social Media

Social media is a powerful tool for any business. It helps you engage with your audience and can lead to more traffic, better SEO and increased conversion rates. However, it takes time to build a following. The process can take several months or even years.

While social media can help you connect with your audience, it’s important to maintain a consistent voice. This will help establish a positive impression and create a loyal following.

Social media can also be a great tool for monitoring customer behavior. You can learn more about your customers’ interests, preferences, and needs. When you know who your audience is, you can tailor your content to meet their specific needs.

If you want to get the most out of your social media strategy, set goals. Be sure to measure your results and adjust your spending accordingly. Also, use a SMART goal strategy. Goals that are attainable and relevant to your business will help you reach your overall objectives.

A good strategy is to allow one hour each day to interact with your audience on social media. Respond to any comments, inquiries, or concerns your audience may have.

Another benefit of monitoring social media is gaining industry insight. This information can help you make important business decisions. Knowing your competition can help you fill in strategy gaps and identify your target audience.

Having a social media presence can be a fun and exciting way to generate leads, increase traffic and improve SEO. You can also promote your business, interact with customers, and create a friendly atmosphere that keeps people coming back.