IN WASHINGTON.
BACK TO YOU.
CHARLES: WILLIAM, THANK YOU VERY
MUCH.
FOR MORE, BRING IN FOX NEWS
CONTRIBUTOR DEROY MURDOCH.
SENIOR RESEARCH FELLOW AT THE
HERITAGE FOUNDATION, DEAN CHANG.
LET ME START WITH YOU.
I THINK ONE OF THE THINGS AT
THIS POINT AMERICANS HAVE
LEARNED.
I DON'T KNOW EVERYONE KNEW THE
EXTENT OF THIS.
IT IS MIND-BOGGLING THE BILLIONS
OF DOLLARS ANNUALLY LOST BECAUSE
OF THIS KIND OF THEFT, IT OR
BASIC BUSINESS PROTECTIONS.
>> SO I THINK ONE OF THE BIG
PROBLEMS HERE HAS BEEN WHILE
SOME PEOPLE ARE MORE AWARE HOW
OFTEN ARE THEIR IP SECURITY
MEASURES OR UPDATE THE FIREWALL
DATE?
PART OF THE PROBLEM IS WE LET
OUR DOORS AND WINDOWS UNLOCKED
AND A NOTE FOR THE MILKMAN WE'LL
BE GONE NEXT TWO WEEKS.
CHARLES: DEROY, SOME PEOPLE SAY
WE WERE GONE FOR TWO DECADES.
WHAT STRUCK ME WITH WILLIAM
LA JEUNESSE'S PIECE,
INTERNATIONAL TRADE COMMISSION
RULED IN FAVOR OF THE UNITED
STATES BUT MANY SAY IT DOESN'T
MATTER.
THAT IS HOW EFFECTIVE ARE THESE
ORGANIZATIONS THAT SHOULD BE
PROTECTING OUR HOME SO THAT WE
CAN LEAVE THE MILKMAN WON'T TAKE
ADVANTAGE?
>> THE PROBLEM OF ENFORCEMENT.
THE ITC CAN HAVE DECLARATION
THEY WANT.
CHINESE CAN SAY THANK YOU VERY
MUCH WE'LL KEEP DOING WHAT WE'RE
DOING.
THERE IS INTELLECTUAL PROPERTY
IN TERMS OF HIGH-TECH SOFTWARE,
AND THIS IS SIMPLE STUFF LIKE
PIPES.
WALK AROUND IN NEW YORK CITY,
SEE FRAUDULENT PURSES AND
SCARVES WHAT NOT, CHINESE
KNOCKOFFS, PRETTY MUCH ACROSS
THE BOARD FROM HIGH-TECH STUFF
TO PRETTY SIMPLE STUFF.
WE NEED A TRADE AGREEMENT WHERE
THE CHINESE SAY WE WILL DO THIS
AND PUT SOMETHING IN THE
AGREEMENT TO MAKE IT
ENFORCEABLE.
CHARLES: DEAN, SOME SAY ONE
TRILLION DOLLARS OFFER BY CHINA
LAST WEEK TO TAKE THE TRADE
DEFICIT TO ZERO IS LOW-HANGING
FRUIT.
THE TOUGH PART IS WHAT DEROY
MENTIONED GETTING SOMETHING TO
RESPECT INTELLECTUAL PROPERTY
RIGHTS BECAUSE THAT WOULD BE
DEFACTO ADMISSION THEY HAVE BEEN
STEALING ALL THIS TIME?
>> PART OF PROBLEM GETTING
CHINESE RESPECT INTELLECTUAL
PROPERTY THEY HAVE A PROBLEM TO
CATCH UP AND SURPASS MUCH OF THE
REST OF THE WORLD.
SOME OF YOUR LISTENERS MAY HAVE
HEARD OF MADE IN CHINA 2025
PROGRAM AND THE PROBLEM WITH
THAT, THE CHINESE ARE CLEARLY
INTENT TRYING TO ESTABLISH A
DOMINANT POSITION IN VARIOUS
AREAS WHETHER IT'S LOCOMOTIVES
OR AEROSPACE.
TO DO SO, THEY ARE WILLING TO
PUT ALL OF THE RESOURCES OF THE
CHINESE GOVERNMENT INCLUDING
THEIR MILITARY AND GOVERNMENT
CYBER PEOPLE TO USE ENGAGING IN
ECONOMIC CYBER ESPIONAGE.
CHARLES: DEROY IF WE DO GET THAT
CRITICS SAY THERE IS NO WAY WE
CAN VERIFY IT.
WHAT SHOULD THE VERIFICATION
SYSTEM CAN BE IF WE GO IN AND
THEY ARE ACTUALLY ADHERING TO
ULTIMATELY PART OF THE PROMISE
OR PART OF THE COMPROMISE?
>> ONE WAY TO DO IT, WHAT WE'VE
DONE IN ARMS CONTROL, ON SIGHT
INSPECTIONS.
PEOPLE FROM THE U.S. COMMERCE
DEPARTMENT OR WALK INTO
FACTORIES SEE WHAT THEY'RE
DOING.
SOMETHING WITH AMERICA'S BRANDS
OR DISNEY LABEL.
CHARLES: CHARLOTTE PIPE.
>> CHARLOTTE PIPE, WHATEVER IT
IS, BLOW THE WHISTLE THAT YOU
GUYS ARE STEALING FROM US.
CHARLES: IT IS AMAZING TO ME,
THEY SET UP ENTIRE FACT APPLE
STORES.
THE ENTIRE STORE WAS FAKE APPLE
STORE AND GENIUS BAR AND FAKES
IN IT, AMERICANS GOT A CHUCKLE,
THAT IS THE TIP OF THE ICEBERG,
EITHER DIRECTLY OR INDIRECTLY
PROBABLY AFFECTS ALL AMERICANS.
>> IT DOES.
THIS IS MONEY POURS OUT OF OUR
COUNTRY.
MONEY SHOULD GO TO APPLE
DOESN'T.
I THINK ALSO ANOTHER APPROACH TO
THIS, I DON'T KNOW HOW YOU
INCULCATE IT, FINDING SOME WAY
TO REWARD CHINESE INVENTORS.
IS THERE A CHINESE STEVE JOBS,
IS THERE A CHINESE THOMAS
EDISON?
THERE SHOULD BE CHINESE PEOPLE
INVENTING THINGS AND WE SAY I
WANT TO BUY THAT.
CHARLES: I UNDERSTAND THEY ARE
GETTING SOME INTERNAL PRESSURES
BECAUSE IF YOU WANT TO ACHIEVE
MADE IN CHINA 2025, MAYBE YOU
CAN DO IT WITH YOUR OWN DOMESTIC
BRAIN POWER, KNOW-HOW, ROLLING