US-China re­la­tion­ship must im­prove: Trump

Congress likely to pull plug on med­i­cal de­vice tax

Kuwait Times - - INTERNATIONAL -

DES MOINES, Iowa:

Pres­i­dent-elect Don­ald Trump said on Thurs­day the United States needed to im­prove its re­la­tion­ship with China, which he crit­i­cized for its eco­nomic poli­cies and fail­ure to rein in North Korea. “One of the most im­por­tant re­la­tion­ships we must im­prove, and we have to im­prove, is our re­la­tion­ship with China,” Trump told a rally in Iowa. The United States and China are the world’s two big­gest economies.

“China is not a mar­ket econ­omy,” he said. “They haven’t played by the rules, and I know it’s time that they’re go­ing to start.” Trump crit­i­cized China re­peat­edly dur­ing his presidential cam­paign and drew a diplo­matic protest from Bei­jing last week af­ter speak­ing by phone with Pres­i­dent Tsai Ing-wen of Tai­wan, which China con­sid­ers a way­ward prov­ince.

It was the first such top-level con­tact with Tai­wan by a US pres­i­dent-elect or pres­i­dent since Pres­i­dent Jimmy Carter adopted a “one-China” pol­icy in 1979, rec­og­niz­ing only the Bei­jing gov­ern­ment. Trump kept up his crit­i­cism of Bei­jing dur­ing the rally, which was part of a “thank you tour” to ex­press grat­i­tude to states that helped him win an upset vic­tory over Demo­cratic presidential nom­i­nee Hil­lary Clin­ton last month. “You have the mas­sive theft of in­tel­lec­tual prop­erty, putting un­fair taxes on our com­pa­nies, not help­ing with the men­ace of North Korea like they should, and the at-will and mas­sive de­val­u­a­tion of their cur­rency and prod­uct dump­ing,” Trump said of China. “Other than that, they’ve been won­der­ful, right?”

Trump re­peated his cam­paign mes­sage that he planned to pri­or­i­tize the United States and Amer­i­can work­ers over global in­ter­ests. The Trump ad­min­is­tra­tion, which takes of­fice on Jan 20, would fo­cus on two rules: “Buy Amer­i­can and hire Amer­i­can,” he said, adding he would keep pres­sur­ing com­pa­nies not to move jobs over­seas.

Med­i­cal ser­vice tax

When Don­ald Trump takes over as pres­i­dent on Jan 20, one of the first business tax breaks he de­liv­ers is likely to go to the US med­i­cal de­vice in­dus­try and com­pa­nies like Mark Thro­dahl’s. The chief ex­ec­u­tive of OrthoPe­di­atrics Corp, based in north­ern In­di­ana, said his com­pany has been able to hire more work­ers since the tem­po­rary sus­pen­sion ef­fec­tive last Jan­uary of a fed­eral tax on med­i­cal de­vices. —Agen­cies

DES MOINES: Pres­i­dent-Elect Don­ald Trump looks on in Des Moines, Iowa on Thurs­day dur­ing the USA Thank You Tour 2016 at the Hy-Vee Hall in the Iowa Events Cen­ter. — AFP

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