Latest news with #MikeRounds
Yahoo
3 days ago
- Business
- Yahoo
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 completely decouple from the economic behemoth, Republican South Dakota Sen. Mike Rounds told Fox News Digital in an exclusive interview. The key, according to Rounds, is maintaining China as a key trade partner without giving them access to America's technology, including artificial intelligence and computer chips. "In doing so, maybe we'll restrict their ability to actually be able to have a market that they can create their own stuff with. They'll be using ours. And in using ours, they'll be our standards," Rounds told Fox News Digital in an exclusive 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 trade 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 Students Read On The Fox News App Rounds' remarks focused on keeping the U.S. in the driver's seat of the world's economy, 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 most 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 said 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 trade secrets such as tech algorithms. Rounds recalled a recent conversation with an ambassador to China who told him their culture does not understand "how someone can own an idea." Secretary of State Marco Rubio announced last Wednesday that the U.S. will begin "aggressively" revoking visas of Chinese students, most 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 said 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 case, any of the knowledge that we've helped them to develop here goes back home with them," Rounds said. "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 data 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 some kind of agreement in place that is enforceable," he said. 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 government 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 quickly," he said. The Trump administration leveled tariffs as high as 145% 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 trade agreement last month, which Trump said China violated in a Truth Social post on Friday. Trump Calls Out Putin, Accuses China Of Not Honoring Trade Deal Terms During 19Th 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 quickly 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 some, 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 trade 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 today, but they steal about $600 billion in intellectual property on an annual basis. And so we have this dichotomy of trying to do good trade and at the same time recognizing that they're stealing our property," he said. Rounds said the floodgates of accepting and leveraging AI have not yet opened in the U.S., as many Americans are still hesitant to trust the technology. In mere months and years, however, he said the health industry will see massive overhauls, aided by tech that can quickly identify cancer or diagnose diabetes and Alzheimer's. This will lead American culture to accept AI and rally the private sector's proliferation of it, he said. 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 most critical issues – that would really be one of the easiest to get into – is talking about health 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 told 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 said. 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 economy, artificial intelligence, U.S. defense strategies, the energy sector and more across Friday. Banking leader Jamie Dimon of JPMorgan Chase, Energy Secretary Chris Wright and former Treasury Secretary Steve Mnuchin were among those who joined Rounds in addressing the nation's economic health. "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 economy in general," Rounds told Fox Digital of the forum. Jpmorgan's Jamie Dimon Calls On Us To Stockpile Bullets, Rare Earth Instead Of Bitcoin The conference comes as the Senate works to pass the Big Beautiful Bill, which is a sweeping multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt. Rounds said the legislation must pass or Americans will see their taxes spike. "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 $2,400 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 quickly 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 article source: US can't cut China off completely, but must defend AI and American innovation from nonstop theft: Sen Rounds
Fox News
3 days ago
- Business
- Fox News
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 completely decouple from the economic behemoth, Republican South Dakota Sen. Mike Rounds told Fox News Digital in an exclusive interview. The key, according to Rounds, is maintaining China as a key trade partner without giving them access to America's technology, including artificial intelligence and computer chips. "In doing so, maybe we'll restrict their ability to actually be able to have a market that they can create their own stuff with. They'll be using ours. And in using ours, they'll be our standards," Rounds told Fox News Digital in an exclusive 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 trade deficit with foreign nations, and his optimism for the future as the U.S. sprints to remain the world's economic and military leader. Rounds' remarks focused on keeping the U.S. in the driver's seat of the world's economy, 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. "We've got to do a better job of protecting the intellectual properties that we've got. The most 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 said 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 trade secrets such as tech algorithms. Rounds recalled a recent conversation with an ambassador to China who told him their culture does not understand "how someone can own an idea." Secretary of State Marco Rubio announced last Wednesday that the U.S. will begin "aggressively" revoking visas of Chinese students, most 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 said 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 case, any of the knowledge that we've helped them to develop here goes back home with them," Rounds said. "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 data 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 some kind of agreement in place that is enforceable," he said. 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. "[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 government 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 quickly," he said. The Trump administration leveled tariffs as high as 145% 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 trade agreement last month, which Trump said China violated in a Truth Social post on Friday. "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 quickly 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 some, 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 trade 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 today, but they steal about $600 billion in intellectual property on an annual basis. And so we have this dichotomy of trying to do good trade and at the same time recognizing that they're stealing our property," he said. Rounds said the floodgates of accepting and leveraging AI have not yet opened in the U.S., as many Americans are still hesitant to trust the technology. In mere months and years, however, he said the health industry will see massive overhauls, aided by tech that can quickly identify cancer or diagnose diabetes and Alzheimer's. This will lead American culture to accept AI and rally the private sector's proliferation of it, he said. "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 most critical issues – that would really be one of the easiest to get into – is talking about health 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 told 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 said. 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 economy, artificial intelligence, U.S. defense strategies, the energy sector and more across Friday. Banking leader Jamie Dimon of JPMorgan Chase, Energy Secretary Chris Wright and former Treasury Secretary Steve Mnuchin were among those who joined Rounds in addressing the nation's economic health. "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 economy in general," Rounds told Fox Digital of the forum. The conference comes as the Senate works to pass the Big Beautiful Bill, which is a sweeping multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt. Rounds said the legislation must pass or Americans will see their taxes spike. "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 $2,400 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 quickly 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 said.
Fox News
5 days ago
- Business
- Fox News
GUY BENSON SHOW: Live From the Reagan Library, Day Two (Featuring Rick Caruso, Sec. Chris Wright, Gov. Kevin Stitt, Sen. Mike Rounds, Rep. Jodey Arrington)
Today on the Guy Benson Show, we broadcasted the program LIVE from the Ronald Reagan Presidential Library. On today's program, we featured interviews with Rick Caruso, Sec. Chris Wright, Gov. Kevin Stitt, Sen. Mike Rounds, and Rep. Jodey Arrington. Check out the full podcast episode and the interviews from today's program below! Listen to the full podcast below: Rep. Jodey Arrington, Chairman of the House Budget Committee Representative Jodey Arrington, Chairman of the House Budget Committee and Congressman for Texas' 19th district, joined The Guy Benson Show today to reflect on the legacy of Ronald Reagan, calling himself one of 'Reagan's children,' and to discuss whether the Gipper would be proud of Trump's Big Beautiful Bill. Arrington broke down the current Senate negotiations over the bill, and how it could be improved before returning to the House. Guy and Rep. Arrington also discussed Elon Musk's time serving the country through his work with DOGE, and why codifying those cuts is essential going forward. Listen to the full interview below! Listen to the full interview below: Sen. Mike Rounds of South Dakota Senator Mike Rounds of South Dakota joined The Guy Benson Show today to emphasize the critical need for the United States to invest in AI and cutting-edge technology to maintain our competitive edge and drive future innovation in medicine, automation, and more. Sen. Rounds also weighed in on the Big Beautiful Bill, detailing why its passage in the Senate must be a top legislative priority. He explained why, despite strong support for DOGE, the proposed cuts can't be codified within the current structure of the bill, and you can listen to the full interview below! Listen to the full interview below: Energy Secretary Chris Wright Secretary of Energy Chris Wright joined The Guy Benson Show today to break down why Trump's 'drill, baby, drill' agenda is critical for restoring American energy independence and reversing the damage done by Biden-era energy policies. Wright explained how those policies not only hurt U.S. energy production but failed to make a meaningful impact on climate goals. Sec. Wright also highlighted the Trump administration's renewed focus on natural gas and the importance of supporting the industry through targeted subsidies. Listen to the full interview below: Gov. Kevin Stitt, 54th Governor of Oklahoma Governor Kevin Stitt of Oklahoma joined The Guy Benson Show today to and touched on his state's big win as the OKC Thunder head to the NBA Finals. Gov. Stitt also discussed his major legislative victories this session, including his 'path to zero' plan to eliminate the state income tax. Stitt also opened up about the challenges of advancing conservative reforms even in a red state and shared how Ronald Reagan's leadership first inspired him to enter politics. Listen to the full interview below. Listen to the full interview below: Rick Caruso, businessman and Founder and Executive Chairman of Caruso Rick Caruso, Trustee of the Ronald Reagan Foundation & Institute and Founder & Executive Chairman of Caruso, joined The Guy Benson Show today to discuss the devastating LA wildfires and what he calls a complete failure of leadership by Mayor Karen Bass and city officials, from inadequate preparation to the regulatory gridlock stalling recovery. Caruso also pointed to the growing mistrust in Democrat leadership across California as many Californians point blame from the wildfire disaster towards the Dems. Caruso also discussed homelessness skyrocketing in CA despite billions in spending, all suggesting that a political shift may be underway. Caruso also addressed growing speculation about a potential run for office in 2026, and you can listen to the full interview below! Listen to the full interview below:
Yahoo
23-05-2025
- Business
- Yahoo
Problems could outpace savings from proposed cuts to federal food and health programs
Feeding South Dakota is the state's largest hunger-relief organization and a member of the Feeding America Network. (Courtesy of Feeding South Dakota) As Congress weighs the latest budget reconciliation bill, it's important to take a step back and consider how these decisions will affect everyday people in South Dakota. Reducing federal spending and promoting self-reliance are important goals, but some of the proposed changes could unintentionally create more problems than they solve. If you've been to the grocery store lately, you've likely noticed how much harder it has become to afford the basics. For many families in South Dakota this isn't just a budget concern – it's a daily challenge. We urge Rep. Dusty Johnson, Sen. Mike Rounds and Senate Majority Leader John Thune to consider the concerning impacts that the current proposal by the House could have. Federal support for the Supplemental Nutrition Assistance Program (SNAP) would be significantly reduced, shifting more of the cost to states. South Dakota's share of that expense could range from $9 million to $18 million as early as 2028 — an increased pressure on a state budget already stretched thin. SD Rep. Johnson votes yes as U.S. House Republicans push through budget reconciliation bill At the same time, it would impact the South Dakota economy as SNAP supports 789 retailers in the state to the tune of over $156 million. Each SNAP dollar has up to $1.80 of economic impact, supporting the supply chain from farmer to store. Reduce the program, reduce the revenue. The increased state cost and reduced revenue would force states to make tough choices: cut benefits, limit eligibility or raise taxes to cover the gap. Proposed Medicaid cuts would hit rural hospitals especially hard, many of which are already stretched thin. These facilities are often the only source of care in their communities, and losing access would be devastating. The bill also includes new requirements tied to work. SNAP already includes work incentives and gradually reduces benefits as income rises. In South Dakota, over 80% of SNAP recipients live in a family that has one working adult. Congress modernized SNAP by requiring regular updates to the monthly benefits. However, the current bill includes a proposal to limit future updates to the Thrifty Food Plan, which determines SNAP benefit levels. This would reduce support over time, even as food prices remain high. The average SNAP benefit is still just $6.57 per person, per day, in our state. At Feeding South Dakota, we are seeing more working families, seniors, children and veterans through our programs and partners; in fact, 15% more than this time last year. We are operating at full capacity and have already felt the very real impact of federal changes after food for 147,000 meals was immediately discontinued in April. It is critical that federal programs stay strong to support the fight to end hunger, or the gap between need and resources will become too great for us to close. If you take nothing else from this, know that the proposed cuts would: Increase hunger. Decrease local revenue. Overwhelm already strained food pantries. We urge our lawmakers to think critically about any cuts through a budget reconciliation bill that undermines SNAP and Medicaid. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
E&E News
15-05-2025
- Politics
- E&E News
South Dakota senator urges Burgum to address tribal ‘public safety crisis'
South Dakota Sen. Mike Rounds is urging the Trump administration to establish a permanent tribal law enforcement academy in the Great Plains to address crime on tribal lands. In a letter to Interior Secretary Doug Burgum on Tuesday, the Republican senator said law enforcement agencies in the Great Plains region are understaffed despite a 'growing tribal public safety crisis' with violent crime rates as much as five times the national average for some tribes. 'Tribal law enforcement leaders continue to struggle to hire and retain law enforcement officers,' Rounds wrote. 'Many law enforcement leaders believe providing additional training options in the Great Plains would help build greater law enforcement capacity throughout the region.' Advertisement Rounds' request comes on the heels of the Trump administration releasing a preliminary budget proposal that seeks to slash spending on tribal law enforcement by more than $100 million. The cuts, part of broader efforts by the Trump administration to shrink federal spending, would be achieved by streamlining the Bureau of Indian Affairs' law enforcement program and encouraging tribal governments to seek grants and assistance from the Justice Department and the Department of Homeland Security.
