Reminiscent of Iran freeing the American hostages on Ronald Reagan’s Inauguration Day in 1981, China has flinched in the controversy over the American underwater drone their Navy stole in international waters in the South China Sea, returning the drone one day after the US Electoral College confirmed Donald Trump’s election as President of the United States. It was returned near the spot where it was stolen last Thursday about 50 miles from Subic Bay, Philippine Islands.
Donald Trump has been very critical of China for its currency manipulation and promised a tough foreign trade stance.
Long before Trump was a presidential candidate I wrote an article on the US trade imbalance with China, and what we should do to fix it. Trump’s plan mirrors mine almost exactly. Link…. Time To Stop Being Stupid! China is a perfect example of a nation that can be coerced through threats of trade restrictions (tariffs). Without access to the American consumer market the Chinese are bankrupt in a hurry. Welcome to the Art of the Deal!
As reported by Reuters, China has returned a U.S. underwater drone taken by one of its naval vessels in the disputed South China Sea last week after what it said were friendly talks with the United States, which reiterated its criticism of the “unlawful” seizure.
The taking of the unmanned underwater vehicle in international waters near the Philippines triggered a diplomatic protest and speculation about whether it would strengthen U.S. President-elect Donald Trump’s hand as he seeks a tougher line with China.
A Chinese naval ship took the drone, which the Pentagon says uses unclassified, commercially available technology to collect oceanographic data, on Thursday about 50 nautical miles northwest of Subic Bay in the Philippines.
China’s defense ministry said in a brief statement the drone had been given back to the United States on Tuesday.
“After friendly consultations between the Chinese and U.S. sides, the handover work for the U.S. underwater drone was smoothly completed in relevant waters in the South China Sea at midday,” the ministry said.
The defense ministry declined to give more details about the handover when contacted by Reuters.