China vs. US tech industry


INDUSTRIALS AND NOW THIS. GOOGLE IS PLANNING A BIG EXPANSION IN NEW YORK CITY. AMAZON MAY ESTABLISH ITS SECOND HEADQUARTERS HERE IN THE CITY AS WELL. LOOK WHO IS HERE. GARY SHAPIRO HE’S PRESIDENT OF CEO OF THE CONSUMER TECHNOLOGY ASSOCIATION AND WROTE THAT BIG NINJA FUTURE SECRETS OF SUCCESS IN THE NEW WORLD OF INNOVATION. NOW YOU’RE NOT KEEN ON TAKING A QUESTION ABOUT GOGGLE AND AMAZON COMING TO NEW YORK CITY. BUT 50 *EU78 GOING TO ASK IT ANYWAY YOU’RE IN THE TECHNOLOGY FIELD. WHY ON EARTH WOULD ANYBODY IN TECHNOLOGY WANT TO MOVE TO A CROWDED HIGH TAX METROPOLIS LIKE NEW YORK.>>I GREW UP IN NEW YORK NEW YOR>>I GREW UP IN NEW YORK NEW YOK>>I GREW UP IN NEW YORK NEW YOA>>I GREW UP IN NEW YORK NEW YOD>>I GREW UP IN NEW YORK NEW YOI LOVE BEING HERE BUT IT IS VERY HIGH TAXED AND OUR HEADQUARTERS LOCATION AND CRYSTAL CITY, WITH VIRGINIA IS ALSO A FINALIST FOR AMAZON SO WE HAVE A STAKE IN THIS ONE OF THE FEW SMALL BUSINESS OWNERS THERE.>>EXPLAIN TO ME WHY BRING 12,000 PEOPLE TO A HIGH TAXED CROWDED CITY.>>PEOPLE ARE IN NEW YORK AND SMART PEOPLE LIKE YOU ARE ARRANGED HERE AND WHY ARE YOU HERE?>>I’M OLD AND I DON’T LIVE IN NEW YORK CITY. [LAUGHTER] ANYWAY I’LL MOVE ON BECAUSE — SENSITIVE TO THE SUBJECT I’M SURE.>>I LOVE NEW YORK BUT I ALSO AM FIGHTING FOR VIRGINIA RIGHT NOW.>>DON’T GEEKS UNDERSTAND HIGH TAXES FOR HEAVEN’S SAKE I’M NOT CALLING YOU A GEEK.>>BUT TAXESES ARE SO HIGH HERE. WE HAVE A SCORECARD WHERE WE RANK EVERY STATE HOW INNOVATION FRIENDLY THEY ARE. NEW YORK IS IN SECOND AND TAXES ARE ONE OF THE ISSUES BUT THEY HAVE HIGHLY EDUCATED POPULATION FOR BROADBAND SPEEDS AND INCREDIBLE LIFE TO LIVE HERE SO STATES DO DIFFERENT THINGS TO GET A UNIQUE STRATEGY.>>A GOOD ANSWER AT LEAST THEY CAN GET AWAY WITH THAT ONE. NOW I WANT TO TALK ABOUT REAL STUFF. YOTD READ YOUR MATERIAL AND YOU SAY THAT CHINA IS UNFAIRLY HURTING AMERICAN TECHNOLOGY COMPANIES. MAKE YOUR CASE IN WHAT WAY ARE THEY HURTING?>>FOR MANY YEARS TO DO BUSINESS IN CHINA YOU HAVE TO HAVE A PARTNERSHIP. YOU HAVE TO HAVE A LOT OF AMBIGUOUS LAWS AND RULES AND IT IS RECENTLY THEY’VE BEEN JUST BASICALLY STEALING EXTRA PROPERTY. NOW THEY SWITCHED THEY’VE BECOME INNOVATION NATION THEY HAVE A GREAT STRATEGY OF THEIR OWN. AND THEY’RE WILLING TO CHANGE. THE ISSUE WE HAVE IS — AND OTHER ISSUE WITH CHINA IS WE ARE FACING — A WITHEN NEXT 10, 20, 30 YEARS CLEARLY A BATTLE BETWEEN DEMOCRACY AND TOAL AARONISM BETWEEN LIBERTY AND FREEDOM AND CHOICE OF ACCESS TO INTERNET FREEDOM EVERYTHING THAT WE STAPGD FOR AS AMERICANS AND EUROPEANS FRANKLY. AND CHINA’S APPROACH IS NO PRIVACY, ALL DATA CAN BE USED FOR AI. WE HAVE A DIFFERENT APPROACH SO WE ARE GOING TO BE FIGHTING ON ANOTHER LEVEL BUT TARIFFS ARE TAXES. TARIFFS ARE NOT THE ANSWER AND THAT’S WHY — YOU KNOW, THIS GOES BACK TO HALLLY WE HAVE THOUSANDS OF ECONOMISTS — YOU’VE GOT IT. YOU’VE GOT IT BUT — HOW ELSE DO YOU GET LEVERAGE ON CHINA TO STOP THEM DOING WHAT THEY’RE DOING? TARIFFS ARE THE MAIN REASON, MAIN WAY OF EXERTING LEVERAGE.>>THERE’S A HUNDRED DIFFERENT LEVELS 10% TODAY 25% JANUARY ONE, JUST YESTERDAY A PUBLICLY TRADED COMPANY THEIR STOCK TANKED BECAUSE THEY SAID WE HAVE TO TAKE AN EARNINGS CHARTS FOR TARIFFS OF 5 MILLION THIS IS NOT A BILLION DOLLAR COMPANY. AND THEY’RE DOING THAT AND THEY’RE OBSERVING IT AND WE’RE HEARING SCORE OF EARNINGS REPORTS BY ONE IF WE GO TO THAT — YOU’LL SEE STOCK MARKET REACT VERY CLEARLY AS IT HAS LAST WEEK. TRUMP GOT UP THERE AND STARTED MAKING PHONE CALL TO CHINA JUST TO CALM THE STOCK MARKET BEFORE THE ELECTION. NOW, IF HE DOESN’T CUT A DEAL OR DO SOMETHING AND PULL BLACKNESS WE’LL FACE TROUBLE WITH A LOT OF COMPANIES.>>DEFENSE SECRETARY MATTIS MEETS WITH COUNTERPARTS TOMORROW DISCUSSING SECURITY AROUND THE PACIFIC. THE PRESIDENT MEETS WITH WITH XI SURELY THEY ARE MOVING TOWARDS SOME KIND OF ACCOMMODATION AND MOVING TOWARDS IT BECAUSE THE PRESIDENT IS TAKING A HARDLINE. STANDING FIRM –>>WE HOPE SO. THERE’S A THEORY BECAUSE NO ONE KNOWS WHAT WE ARE ASKING IT’S NOT PUBLIC INFORMATION. SO THE CHINESE CAN’T RESPOND AND THAT PRESIDENT JUST WANTS TO ISOLATE CHINA FOREVER WITH HIGH EVER TAS AND THAT WOULD BE DEADLY SO SUPPLY CHAIN AND DEADLY TO A LOT OF AMERICAN COMPANY. PLUS OUR FARMERS AND OTHERS. PERFORMANCE SEE HOW IT WORK OUT BUT I WANT TO ASK YOU ONE LAST ONE. SAMSUNG I’M SURE YOU KNOW THEY’VE REVEALED THEIR — FOLDING FOE IS THAT HOW YOU DESCRIBE IT AT THE FOLDING PHONE THAT AT THE DEVELOPER KERCHES. IS THAT INNO ELEVATIVE IS THAT THE BIG NEW INNOVATION?>>DEPENDS ON FOREIGN FACTOR BUT IF YOU WANT TO LEARN MORE CS IN JAN WITH AN AMAZING — WHY NOT? [LAUGHTER] THIS IS CES SHOW BIGGEST TECHNOLOGY SHOW IN THE WORLD IS ANNUAL EVENT. BIGGEST BUSINESS EVENT IN THE WORLD 180,000 PLUS PEOPLE 4, 00 COMPANIES ARE EXHIBITING. WE HAVE 1200 START WE HAVE LIKE EVERYONE KNOWS THAT, SO YOU DODGE THE YES. IS SAMSUNG FOLDING PHONE INNOVATION TO MAKE A REAL DIFFERENCE?>>CONSUMERS DETERMINE WHETHER IT IS REAL INNOVATION OR BUY — YOU HAVE AN OPINION ON IT?>>I HAVEN’T FELT IT BUT I’LL TELL YOU AND COME BACK. [LAUGHTER]>>YOU WANT ANOTHER COMMERCIAL TO THAT. I KNOW YOU DO. THAT WAS FUN AND WE REALLY APPRECIATE YOU BEING WITH US. TELL ME AGAIN JUST OUT OF INTEREST, WHEN IS THE CES CONFERENCE?>>IT IS EARLY JANUARY. YOU CAN GO TO OUR WEBSITE TO SEE IT BUT IT IS A BUSINESS EVENT NOT CONSUMERS BUT YOU HAVE TO HAVE A LEGITIMATE BUSINESS INTEREST TO THERE.>>CAN I PAY TO GET IN?>>YOU — WE WOULD TAKE YOU AS MEDIA WITH OVER 5,000 MEDIA THAT COME THERE SO WE WOULD BE HONORED TO HAVE

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