Profile picture
JoanneDavis @JoanneDavis
, 17 tweets, 8 min read Read on Twitter

National Economic Council Chair Larry “Kuddles” Kudlow back after suffering mild heart attack. [Yikes, “mild“, is there such a thing?]

Appearing on TV w/StuartVarney Chairman Kudlow explains how administration
2. hopes to use Foreign Investment Risk Review Modernization Act (FIRRMA) to ENHANCE U.S. trade policy. Varney cannot comprehend #Trump-#SPEED in achieving global trade reset:

While media wasn’t paying attention, Trump BRILLIANTLY PLAYED CONGRESS to gain
3. strategic trade leverage. Knowing political opposition would unite, POTUS Trump took a forgiving position toward Chinese company ZTE; Trump-haters and NeverTrumpers quickly aligned to push through hammer legislation designed to hurt China & by extension Trump’s position.
4. However, Trump actually wanted the tool. POTUS now weaponizes FIRRMA as trade leverage against all 301 targets. #Brilliant.

USTR Robert Lighthizer Final 301 Report on China Trade Infractions HERE

Part 2 of Kudlow interview below:
5. Statement From The President: I have often noted, consistent w/the Section 301 action initiated by the United States Trade Representative, that certain countries direct and facilitate systematic investment in United States companies & assets in order to obtain cutting-edge
6. technologies & intellectual property in industries those countries deem important. Accordingly, I directed the Secretary of the Treasury, in consultation with other senior executive branch officials, to report to me regarding appropriate measures to address these concerns.
7. I have been advised by the Secretary of the Treasury, the Secretary of Commerce, the United States Trade Representative, the Assistant to the President for Economic Policy, & the Director of the Office of Trade & Manufacturing Policy, among others, that Congress has made
8. significant progress toward passing legislation that will modernize our tools for PROTECTING the Nation’s CRITICAL TECHNOLOGIES from harmful foreign acquisitions.

This legislation, the Foreign Investment Risk Review Modernization Act (FIRRMA), will enhance our ability to
9. protect the United States from new & evolving threats posed by foreign investment while also sustaining the strong, open investment environment to which our country is committed & which benefits our economy & our people.

After reviewing the current versions of FIRRMA with my
10. team of advisors—& after discussing them with many Members of Congress—I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, & future economic
11. prosperity.

Therefore, upon enactment of FIRRMA legislation, I will direct my Administration to implement it promptly & enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies identified in the Section
12. 301 investigation.

Should Congress fail to pass strong FIRRMA legislation that better protects the crown jewels of American technology & intellectual property from transfers & acquisitions that threaten our national security—& future economic prosperity—I will direct my
13. Administration to deploy new tools, developed under EXISTING authorities, that will do so globally.

To further ensure a robust defense of American technology & intellectual property, I have also directed the Secretary of Commerce to lead an examination of issues related to
14. the transfer & export of critical technologies. Through this review, we will assess our Nation’s export controls & make any modifications that may be needed to strengthen them to defend our national security & technological leadership.

Additionally, I have directed the
15. Secretary of State, the Secretary of the Treasury, the Secretary of Defense, and the United States Trade Representative to engage with our allies & partners to support their efforts to combat harmful technology transfer & intellectual property theft.

I applaud Congress on
16. its progress toward passing robust FIRRMA legislation. I urge Congress to send me a strong bill as soon as possible and look forward to implementing it to protect America’s security and prosperity. ~ President Donald Trump


17. "unroll" @threadreaderapp
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to JoanneDavis
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!