TiVo Exec: Trade War With China ‘Well Worth The Sacrifice’ to Protect America’s National Treasure TiVo Exec: Trade War With China ‘Well Worth The Sacrifice’ to Protect America’s National Treasure – NTK Network

TiVo Exec: Trade War With China ‘Well Worth The Sacrifice’ to Protect America’s National Treasure

"It’s long past time we had an administration that defends our national treasure," Arvin Patel wrote in a recent op-ed.

By NTK Staff | 10.24.2018 @2:30pm
TiVo Exec: Trade War With China ‘Well Worth The Sacrifice’ to Protect America’s National Treasure

Arvin Patel, the Chief Intellectual Property Officer at TiVo, recently wrote an op-ed for Fox News in which he praised President Trump’s trade war with China, calling it a worthy endeavor to protect America’s greatest natural resource, “our ideas.”

For the past several months, the Trump administration has been waging a trade war with China over “China’s unfair subsidy behavior” and “theft of American trade secrets,” among other reasons.

So far this year, the United States has levied tariffs “on $250 billion of imported goods from China,” while the Chinese have retaliated “with tariffs on $110 billion of US goods,” according to Business Insider.

Critics of the Trump administration have argued that the ongoing trade war with China will have “no shortage of ill effects on” the United States’ economy.

However, Patel argued in his op-ed that “the temporary pain will have been well worth the sacrifice,” if Trump can level the playing field with China.

“It’s long past time we had an administration that defends our national treasure,” Patel wrote.

The “national treasure,” Patel is referring too is America’s “intellectual property.”

“Our ideas are the embodiment of our great creativity and innovation, and of our unique system that makes them possible,” Patel wrote. “A technology competition between the United States and China is being waged, and the outcome will determine the global balance of economic and military power for the foreseeable future.”

Patel goes on to argue that while tariffs get the headlines in this trade war, “it’s the defense of our technological advantage that is at stake in the dispute with China.”

“Trade can only be free if it is fair. If countries are going to have free and open trade, then all parties must adhere to the same rules. America cannot trade freely with any country that doesn’t trade fairly,” Patel wrote. “I do not fear a fair competition with China because despite China’s economic success in certain sectors like infrastructure, their system is not built to go toe-to-toe with America in more innovative and entrepreneurial pursuits.”

“Innovation requires freedom, and in China, that is still in short supply,” he added.

“America’s national treasure is worth fighting to protect. Let’s set a level playing field, and then bring on the technology competition,” Patel concluded.

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