US can’t cut China off completely, but must defend AI and American innovation from nonstop theft: Sen Rounds

SIMI VALLEY CALIFORNIA China's rampant theft of intellectual property from American institutions and industry must be thwarted as the U S battles to remain the world's economic and military leader but America cannot comprehensively decouple from the economic behemoth Republican South Dakota Sen Mike Rounds advised Fox News Digital in an sole interview The key according to Rounds is maintaining China as a key pact partner without giving them access to America's instrument including artificial intelligence and computer chips In doing so maybe we'll restrict their ability to definitely be able to have a sphere that they can create their own stuff with They'll be using ours And in using ours they'll be our standards Rounds informed Fox News Digital in an unique interview from the Ronald Reagan Presidential Library during the Reagan National Economic Forum on Friday in California Let's not necessarily just totally divest Let's see if we can have an influence on them and the rest of the world as well when it comes to standards for AI and other technological advances in the future he added Rounds was among the conference panelists who spoke on the threats China poses as President Donald Trump addresses the country's chronic agreement deficit with foreign nations and his optimism for the future as the U S sprints to remain the world's economic and military leader SPY SURGE SPARKS TRUMP VISA CRACKDOWN ON CHINESE STUDENTSRounds' remarks focused on keeping the U S in the driver's seat of the world's business sector which he explained is deeply entwined in technological advances and bucking Chinese theft of intellectual property while also acknowledging and combating how China has advanced into a near-peer competitor with the U S from a military standpoint 'NO REASON' FOR NEW NUKES TRUMP FLOATS DISARMAMENT TALKS WITH CHINA RUSSIA We've got to do a better job of protecting the intellectual properties that we've got The majority of advanced types of technologies that we have everything we can do to slow down their connection with that protecting against that infiltration or de-filtration of really good information that right now they're stealing from us on a regular basis Rounds declared during a panel called China and the U S When Trading Partners are also Great Power Competitors He added that China has no qualms about stealing U S intellectual property which is understood as intangible creations such as patents for inventions or contract secrets such as tech algorithms Rounds recalled a up-to-date conversation with an ambassador to China who explained him their way of life does not understand how someone can own an idea Secretary of State Marco Rubio reported last Wednesday that the U S will begin aggressively revoking visas of Chinese students the greater part notably those with ties to the Chinese Communist Party who are trained at U S schools but return to China or feed U S information to China Rounds explained the country needed a pause on admitting Chinese nationals with CCP ties into elite U S schools until an enforceable agreement is in place protecting intellectual property and processes from Chinese capture We have Chinese students that come in here and then they maintain ties back home And even if they want to stay here one of the challenges we have is that their family may very well be coerced into requiring them to come back home again And if that's the episode any of the knowledge that we've helped them to develop here goes back home with them Rounds revealed Until such time as we're able to address that and until such time as we're able to be assured that the information that they're getting here the details that they are catching here the knowledge that they gain here isn't going to be used against our young men and women in the future we want to slow this down a little bit Let's just take a break Let's not be bringing in these Chinese students that have ties with the Chinese Communist Party until we have specific kind of agreement in place that is enforceable he mentioned Rounds explained during the Reagan library forum that protecting U S intellectual property from Chinese theft has a ripple effect on U S efforts to remain the world's military leader as China seeks parity with America STATE DEPARTMENT SAYS IT WILL AGGRESSIVELY REVOKE VISAS OF CHINESE STUDENTS China is a strategic challenger for us on the military side They are a near-peer competitor And they have an advantage over us in one particular way They are unified in terms of when Xi Jinping wants to move it's not just the executive that moves but the entire rest of their economic activity is required to move the way that he wants them to move We don't have that here And so for us we have to recognize that challenge Now I'm not suggesting we go the direction that they go but we have to recognize their ability to move very very swiftly he stated The Trump administration leveled tariffs as high as on Chinese goods in April and China retaliated against the president's Liberation Day policies with tariffs of its own China and the U S reached a preliminary transaction agreement last month which Trump stated China violated in a Truth Social post on Friday TRUMP CALLS OUT PUTIN ACCUSES CHINA OF NOT HONORING BUSINESS DEAL TERMS DURING TH WEEK IN OFFICE I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation and I didn t want to see that happen Because of this deal everything promptly stabilized and China got back to business as usual Everybody was happy That is the good news The bad news is that China perhaps not surprisingly to a few HAS TOTALLY VIOLATED ITS AGREEMENT WITH US So much for being Mr NICE GUY he wrote Rounds explained that the U S is in the midst of reaching a favorable pact deal while also acknowledging China has stolen billions of dollars in intellectual property for its own advantage We do right now really close to about a half a trillion dollars a year in economic activity with China in the modern day but they steal about billion in intellectual property on an annual basis And so we have this dichotomy of trying to do good transaction and at the same time recognizing that they're stealing our property he revealed Rounds commented the floodgates of accepting and leveraging AI have not yet opened in the U S as multiple Americans are still hesitant to trust the innovation In mere months and years however he noted the soundness industry will see massive overhauls aided by tech that can promptly identify cancer or diagnose diabetes and Alzheimer's This will lead American heritage to accept AI and rally the private sector's proliferation of it he noted HOUSE CHINA COMMITTEE ZEROS IN ON LATEST CCP EFFORTS TO STEAL AMERICAN AGRICULTURE IP I think what the American people want to see is what's in it for them What improves their quality of life I think one of the bulk critical issues that would really be one of the easiest to get into is talking about wellbeing care And I firmly believe that Americans will see AI as a benefit to them rather than as a challenge when we start to see cures for diabetes Alzheimer's Parkinson's and cancers And those are all within reach Rounds advised Fox Digital Rounds added during the forum that when Americans personally feel how their quality of life has improved due to AI that's when we'll really see the push across the country to develop AI at a rate that you've never seen before by the private sector as well That's what's going to keep us ahead of China he commented The forum at the Ronald Reagan Presidential Library which is nestled in California's Santa Susana Mountains and the Simi Hills kicked off on Thursday evening and featured more than a dozen discussions and panels focused on the financial market artificial intelligence U S defense strategies the potential sector and more across Friday Banking leader Jamie Dimon of JPMorgan Chase Potential Secretary Chris Wright and former Treasury Secretary Steve Mnuchin were among those who joined Rounds in addressing the nation's economic healthcare The Reagan Library does an excellent job working on defense issues and now they've also opened up a seminar basically working on economic issues critical to the United States And so to come in here and to work with other people that care about the economic well-being of our country this is an excellent place to do it So it's an opportunity for me to really learn what's going on and what other people are thinking about our financial market in general Rounds notified Fox Digital of the forum JPMORGAN'S JAMIE DIMON CALLS ON US TO STOCKPILE BULLETS RARE EARTH INSTEAD OF BITCOINThe conference comes as the Senate works to pass the Big Beautiful Bill which is a sweeping multitrillion-dollar piece of measure that advances Trump's agenda on taxes immigration vitality defense and the national debt Rounds reported the regulation must pass or Americans will see their taxes spike CLICK HERE TO GET THE FOX NEWS APP We don't have a choice We have to pass the bill to get the Tax Cuts and Jobs Act back in place on a permanent basis If we don't do that the average American family is going to see about a a year increase in their taxes So we have to do something And it's critical that we pass this bill We're going to work with the House We're gonna get this deal done The Senate will put their mark of approval on it but nonetheless we want to do everything we can as swiftly as we can to take care of this so that we can get on to other things The president has made it very clear he wants to get this done We want to help in that regard This is our job he explained