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WGDave
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05-13-2019, 06:35 PM

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Originally Posted by Sofla View Post
I have done all those three things, actually, and including designing, applying for, and obtaining trademarks for them. I have even been sued by a Fortune 500 company for a bogus charge of infringement on one of their marks.

sundance made a stupid error by saying we engaged in unilateral trade talks, which shows he doesn't understand this subject matter.

You must have missed how what else I said was an argument against his position.

China has a large role in the US manufacturing supply chain, which took decades and perhaps $100 billion or more of investment to achieve.

That cannot be replaced in India and the Philippines without a comparable time and investment. How can it happen from a current no deal situation, on speculation PDJT will be consistent, and not bully and turn on them also in the process? If it did, it is the same off-shoring problem for jobs that exists now, not their return here.

How could they pick up the slack from China reducing their imports of our export goods, when they aren't doing so now and already have alternate sources? Bilateral agreements require a win/win, and PDJT always wants a win/lose. He has no leverage to get them to agree to be worse off.
You should go back and read sundance's quote:

Quote:
These were not visits as part of multi-national/multilateral G20 or G7 discussions. The November 2017 tour of Asia was President Trump traveling to meet directly, face-to-face, one-on-one with the manufacturing heavyweights of Southeast Asia.

At every single stop he broadcast the intent of the visit: “We’re talking TRADE”!

These were unilateral meetings; and, in hindsight, clearly designed to structure the foundation of the current U.S-China trade conflict. You might remember CTH calling this the “golden ticket tour“. The tour culminated in the November 12-13, 2017, ASEAN summit; but the 10-day tour of Asia was entirely separate from the summit.
He was talking about meeting face-to-face with manufactures.

Trademark? Were you protecting a logo? Try protecting your intellectual property in China. I know quite a few technology companies that will do business all over the world, but will never let their products into China. Why? They.do.not.trust.them. China does not innovate well...but they will sure reverse engineer your product if they can.

How can a reciprocal trade deal be a win/lose, unless one side already has an unfair advantage that they do not want to lose?




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05-14-2019, 11:12 AM

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Originally Posted by WGDave View Post
You should go back and read sundance's quote:



He was talking about meeting face-to-face with manufactures.

Trademark? Were you protecting a logo? Try protecting your intellectual property in China. I know quite a few technology companies that will do business all over the world, but will never let their products into China. Why? They.do.not.trust.them. China does not innovate well...but they will sure reverse engineer your product if they can.

How can a reciprocal trade deal be a win/lose, unless one side already has an unfair advantage that they do not want to lose?
I did miss that in scanning his piece, and I agree with you that it makes it unilateral. Thanks and I stand corrected on what I originally called a minor point.

However, any local manufacturers in the region can only export to the US under the trade and tariff arrangements in place between that country and the US.

The ASEAN countries in question are all in the TPP, which they continued after the US withdrew. They were irritated that the US wasted their time, and now have lowered their own tariff barriers with each other and not with the US. Whatever the manufacturers may wish to do, it will be in the existing trade environment between their country and ours, or the changes PDJT has been demanding through the region, fuming that they are screwing us over. He hammered S. Korea and Japan, and so manufacturers must consider not only what exists now, but negative changes he will insist upon, also.

Of course, the trade representative Robert Lighthizer is going to put the best face on things. His statements should be considered only PR fluff until proven true. Thinking what he says is actually happening is naive. It's aspirational at best, and most likely misleading. His public role is to back up claims the trade policy is working, and so truth is optional.

As to marketing in China, I wouldn't even attempt it. What I did do is take a meeting in NYC with Chinese venture capitalists to sell them the entire company along with our trademarks included. It was unusual, needing to pause every paragraph for the translator to tell the board and the CEO what I was saying. They were looking to place some multiple hundreds of millions of dollars in US companies and reviewed some dozen target companies over a few days. We got in the door only because our gross sales and margin on sales justified a sales price high enough for the chunks they wanted to divide their money into.


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05-14-2019, 11:43 AM

China Business

Chinese acquisitions of US companies plunge 95 per cent in 2018 amid trade war


•Major buyers including HNA and Anbang have pulled back since 2016 as Beijing looked to bring capital back to encourage domestic growth
•The sharp decline contrasted with an increase in global mergers and acquisitions by Chinese buyers, including a large buying spree in Europe.


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WGDave
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05-14-2019, 12:54 PM

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Originally Posted by Sofla View Post
As to marketing in China, I wouldn't even attempt it. What I did do is take a meeting in NYC with Chinese venture capitalists to sell them the entire company along with our trademarks included. It was unusual, needing to pause every paragraph for the translator to tell the board and the CEO what I was saying. They were looking to place some multiple hundreds of millions of dollars in US companies and reviewed some dozen target companies over a few days. We got in the door only because our gross sales and margin on sales justified a sales price high enough for the chunks they wanted to divide their money into.
You may have ended up regretting selling to Chinese interests. Usually they attach strings that are difficult to deal with from a business end after the deal is complete. Of course, that can be true of any sale, but you do not have the added language difficulties compounding the situation. Having to sit quiet while a translator translates can destroy the rhythm of any presentation. My mind tends to get distracted by thoughts of questioning if the translator is being accurate.

My company sells products there, but we use reps. We charge 10% more for our products internationally, and give the reps a 10% discount. They make a 20% profit, and have to market the products themselves. If a user wants to buy directly from us, they can, but still pay the international price.

Who we can sell our technology to is determined by the U.S. government. They classify all products by a code, and have a list of approved codes for each country. We have to submit the end user of each product we sell internationally to the U.S government. They will reject sales from time to time based on national security assessments.




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05-14-2019, 02:53 PM

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Originally Posted by WGDave View Post
You may have ended up regretting selling to Chinese interests. Usually they attach strings that are difficult to deal with from a business end after the deal is complete. Of course, that can be true of any sale, but you do not have the added language difficulties compounding the situation. Having to sit quiet while a translator translates can destroy the rhythm of any presentation. My mind tends to get distracted by thoughts of questioning if the translator is being accurate.

My company sells products there, but we use reps. We charge 10% more for our products internationally, and give the reps a 10% discount. They make a 20% profit, and have to market the products themselves. If a user wants to buy directly from us, they can, but still pay the international price.

Who we can sell our technology to is determined by the U.S. government. They classify all products by a code, and have a list of approved codes for each country. We have to submit the end user of each product we sell internationally to the U.S government. They will reject sales from time to time based on national security assessments.
We weren't even trying to sell the company at that time. We had been marketing it earlier, but had withdrawn it from the market a year before. Then the business broker we had been using approached us with this buyer.

About a year or so later we sold at double the price discussed with them to domestic VCs, so no harm no foul. Regrets? We had a few, I guess. The buyers' new management tanked the company, which is a shame. But not entirely unexpected.


The point of modern propaganda isn't only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.

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WGDave
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05-14-2019, 07:15 PM

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Originally Posted by Sofla View Post
We weren't even trying to sell the company at that time. We had been marketing it earlier, but had withdrawn it from the market a year before. Then the business broker we had been using approached us with this buyer.

About a year or so later we sold at double the price discussed with them to domestic VCs, so no harm no foul. Regrets? We had a few, I guess. The buyers' new management tanked the company, which is a shame. But not entirely unexpected.
Congrats on the price at sale.

Tanking a company is often the outcome...have seen it many times up close.

Have a close friend in the oil servicing industry that sold to Schlumberger in late '15. He and his other two partners had to sign a three year contract to work for Schlumberger after the sale was complete. Basically they had to watch their successful company deteriorate as the bureaucracy destroyed their business.




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05-15-2019, 03:29 AM

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Originally Posted by Sofla View Post
We weren't even trying to sell the company at that time. We had been marketing it
earlier, but had withdrawn it from the market a year before. Then the business broker
we had been using approached us with this buyer.

About a year or so later we sold at double the price discussed with them to domestic
VCs, so no harm no foul. Regrets? We had a few, I guess. The buyers' new
management tanked the company, which is a shame. But not entirely unexpected.
Think of it as confiscation. Like taking guns. Shut down for a century.

By that time there will be sufficient Supreme decisions to wrap up
the residual and bury it.

The big issue will be the impact on the DOW.


  
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05-15-2019, 06:22 AM

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Originally Posted by sjb View Post
Oh yeah, sure. All this long-term global economic strategy from a guy who bankrupted a casino and an airline, started a fake university that ended up paying $25 million to settle its "students'" claims, failed miserably at any number of other "luxury" businesses (vodka, steaks, water, etc.), showed more business and personal losses than anyone in America for a decade, and whose biggest claim to fame is being the fake mogul on a stupid made-for-TV "reality" series.

Think again. What a joke he is. It still amazes me that Americans were collectively stupid enough to elect him.
But, where is the outrage for the idiots that voted for HRC? Oh, none, huh?

Yet, somehow he's doing much better than you and I and everyone in AZB combined.
I guess the real way to riches is just taking money from Russians and fake charities. It worked for HRC and Bill. LMAO
Gosh, if only Trump could have been so smart to rip off a charity.


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05-15-2019, 06:28 AM

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Think you may want to file that question under:
What I don't get is why people here continue to engage disingenuous people in this forum.


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05-15-2019, 08:37 AM

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Gosh, if only Trump could have been so smart to rip off a charity.
Well, if you paid attention, instead of just making up things, you'd have noticed that Trump did rip off a charity -- his own.
  
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05-15-2019, 10:18 AM

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Well, if you paid attention, instead of just making up things, you'd have noticed that Trump did rip off a charity -- his own.
Facts are so pre-2017. Get with the times, man.

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05-15-2019, 10:39 AM

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Originally Posted by sjb View Post
Oh yeah, sure. All this long-term global economic strategy from a guy who bankrupted a casino and an airline, started a fake university that ended up paying $25 million to settle its "students'" claims, failed miserably at any number of other "luxury" businesses (vodka, steaks, water, etc.), showed more business and personal losses than anyone in America for a decade, and whose biggest claim to fame is being the fake mogul on a stupid made-for-TV "reality" series.

Think again. What a joke he is. It still amazes me that Americans were collectively stupid enough to elect him.
Not surprising that you (intentionally) fail to mention his highly successful national and international high rise, luxury, residential buildings or his golf & country clubs. Also funny that he, personally, was successful in most, if not all, of the ventures you mentioned, if fact, many were already purchased while insolvent. That's what he did.
  
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