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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.
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South Dakota Sen. Mike Rounds was a panelist for the inaugural Reagan National Economic Forum in California. (Getty Images)
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.
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«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.»
The Ronald Reagan Presidential Library in Simi Valley, California. (Fox News Digital )
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.
China has stolen billions in intellectual property on an annual basis, Sen. Mike Rounds says. (Jakub Porzycki/NurPhoto via Getty Images)
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.
South Dakota Sen. Mike Rounds was a panelist for the inaugural Reagan National Economic Forum in California. (Fox News Digital )
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.
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«[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.
Chinese President Xi Jinping listens during a meeting in Hanoi, Vietnam, on April 14. (AP/Minh Hoang)
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.
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«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.
President Donald Trump speaks during the National Prayer Breakfast, Feb. 6, 2025, in Washington, D.C. (AP Photo/Evan Vucci)
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.
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«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.
Red flags flutter in front of the Great Hall of the People on March 4, 2022, in Beijing, China. (VCG/VCG via Getty Images)
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’s retired Air Force One jet is showcased in a pavilion. (Fox News Digital)
«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.
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A statue of the former president at the Ronald Reagan Presidential Library.
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.
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«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.
China,Senate,Regulation,Trade,Economy
INTERNACIONAL
Unearthed Mamdani clip reveals how his upbringing made him open to being called ‘radical,’ socialist
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A resurfaced interview by New York City socialist mayoral candidate Zohran Mamdani shows him explaining that the family he grew up in made him «open» to being a «radical» and suggesting that socialism needs to be re-branded.
«I think, honestly, growing up in the family that I grew up in, I was quite open to what would be considered being a radical from a very young age,» Mamdani said on The Far Left Show in 2020.
«I mean, from the beginning, my identities are already considered radical by a lot of mainstream American political thought. So being a Muslim, being an immigrant, these are things that already kind of put you in the box of ‘other.’ And so it’s not that far of a jump because whenever you… stand up to speak up for the rights of others who share the same identity as you, then you’re a radical, right? So often people in this country are considered radicals if they stand up for Palestinian human rights.»
Mamdani has faced criticism over some of his positions taken as a young man, including supporting an academic boycott of Israel and starting a Students for Justice in Palestine chapter during his college days, as well as the past writings of his father, Mahmood Mamdani.
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Mamdani explained his ‘radical’ background in a 2020 podcast appearance
Mahmood Mamdani’s social media presence is littered with anti-Israel positions referring to Israelis as «colonial settlers» and celebrating the idea of a «third intifada.» Additionally, Mahmood Mamdani sits on the council of an openly anti-Israel tribunal and once wrote in a book, which he dedicated to his son, that suicide bombers «stigmatized as a mark of barbarism.»
«Zohran Mamdani has built his political brand on the same radical, hate-filled and anti-American ideology his father, Mahmood Mamdani, has spent decades promoting—one that demonizes Jewish people and legitimizes anti-democratic violence,» Brooke Goldstein, a human rights attorney who specializes in antisemitism, told Fox News Digital earlier this month.
«The Jew-hatred the Mamdani family peddles is fundamentally anti-American and violates the core values our country was founded on—tolerance, equality, and liberty. Our nation’s strength lies in its diversity and commitment to protecting minority rights. Antisemitic world views threaten the peace and security of our communities.»
In the interview, the younger Mamdani went on to lament the criticism that Democratic Socialists of America have faced for supporting BDS.
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Democratic socialist candidate Zohran Mamdani, who won the Democratic primary for mayor of New York City, attends an endorsement event from the union DC 37 on July 15, 2025, (Spencer Platt/Getty Images)
BDS is described as «an international campaign to delegitimize the State of Israel as the expression of the Jewish people’s right to national self-determination by isolating the country economically through consumer boycotts, business and government withdrawal of investment, and legal sanctions,» according to Influence Watch.
Mamdani also explained in the interview his evolution as a «socialist.»
«I think I’ve been a socialist for quite a while, but I don’t think I understood myself within the terms of that label,» Mamdani said. «And I think that that is something that I not only internalized, but also became comfortable expressing when I became an active member of New York City DSA, which is an organization that I’ve been a member of. I attended my first meeting in early 2017, but I’ve been a much more active member since 2018.»
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New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) stands with his mother Mira Nair, and father Mahmood Mamdani as they celebrate during an election night gathering at The Greats of Craft LIC on June 24, 2025. (Michael M. Santiago/Getty Images)
Mamdani added that he hopes to rebrand the word socialism to be more appetizing for the general public.
«I think, for me, a lot of times people try and scare you into never embracing the word, and I think that there’s a lot of work that we have to do to change our branding, because socialism in and of itself, the way I understand it, is a fight for the state to provide all that is necessary to live a dignified life for each and every person in our state,» Mamdani explained.
«That is something that when you explain it in that way, and when you talk about the way in which it is applied, when you’re talking about typically housing, healthcare, education, but I would argue we must expand that beyond and talk about public transit and talk about the internet and talk childcare. People are receptive to that.»
Fox News Digital reached out to the Mamdani campaign for comment.
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Taiwán alertó a la UE sobre las amenazas de infiltración impulsadas por el régimen chino para socavar la democracia
El presidente de Taiwán, William Lai, advirtió este martes que su país y la Unión Europea (UE) enfrentan amenazas comunes de interferencia externa, en especial intentos de manipulación electoral, desinformación y ataques a la confianza pública.
Las declaraciones se produjeron durante una reunión con miembros de la Comisión Especial del Parlamento Europeo sobre el Escudo Europeo de la Democracia, de visita en Taipei.
“Ambos se han encontrado con interferencias informativas e infiltraciones de fuerzas externas que han intentado manipular los resultados de las elecciones democráticas, crear confrontación en la sociedad y hacer tambalear la confianza de la gente en la democracia”, afirmó Lai, según un comunicado difundido por su oficina presidencial.
El mandatario taiwanés subrayó que Taiwán y la UE comparten valores fundamentales como la libertad y la democracia, y mantienen relaciones económicas y comerciales estrechas, aunque no tienen lazos diplomáticos formales. Pese a ello, Lai señaló que existe una cooperación creciente frente a riesgos híbridos como los que —según denunció— se originan en China.
La isla ha acusado en repetidas ocasiones a Beijing de desplegar campañas de desinformación, operaciones de influencia y ciberataques con el objetivo de socavar su sistema político. Lai reiteró que Taiwán rechaza las reclamaciones de soberanía de China, país que considera a la isla parte de su territorio y ha intensificado su presión diplomática y militar en los últimos años.
“Taiwán está decidido a trabajar para salvaguardar la democracia, la paz y la prosperidad en todo el mundo, y espera compartir su experiencia con Europa”, añadió el presidente taiwanés, al tiempo que agradeció el respaldo expresado por instituciones europeas ante las amenazas sobre el Estrecho.
En paralelo a la visita de la delegación europea, el Ministerio de Relaciones Exteriores de Taiwán (MOFA) valoró como “sincero y significativo” el apoyo expresado por Bruselas. El pronunciamiento del MOFA fue en respuesta a las conclusiones del 13.º Diálogo Estratégico UE-China, celebrado el 2 de julio en Bruselas y copresidido por la vicepresidenta de la Comisión Europea, Kaja Kallas.
Durante ese encuentro, la diplomática europea reiteró su rechazo a cualquier intento unilateral de modificar el statu quo en el Estrecho de Taiwán, en especial a través de fuerza militar o coerción, según el comunicado oficial. Kallas también manifestó preocupación por la situación de los derechos humanos en China y por las amenazas híbridas provenientes de Beijing, que afectan tanto a Europa como a la región del Indopacífico.
Además, el MOFA recordó que el Servicio Europeo de Acción Exterior (SEAE) ha emitido varios comunicados en respuesta a tres ejercicios militares a gran escala realizados por China desde mayo, los cuales incluyeron simulacros de bloqueo marítimo y ataques coordinados alrededor de la isla. Esos comunicados subrayaron la importancia de mantener la paz y la estabilidad en el Estrecho como elemento clave para la seguridad regional y global.
“La UE tiene un interés directo en mantener el statu quo en el Estrecho de Taiwán”, afirmó el MOFA en su declaración. El ministerio también aseguró que Taiwán continuará fortaleciendo la cooperación con Bruselas y otros aliados democráticos para proteger el orden internacional basado en normas, y para enfrentar las amenazas comunes que afectan a regímenes democráticos.
China ha rechazado todas las acusaciones de interferencia y sostiene que Taiwán busca apoyo extranjero para impulsar una agenda separatista. A pesar de ello, tanto Taiwán como la UE han intensificado en los últimos años los canales de comunicación informal, especialmente en áreas de comercio, tecnología, ciberseguridad y defensa de los valores democráticos.
(Con información de Reuters)
Asia / Pacific,TAIPEI
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Trump invokes Russia collusion hoax while calling for longtime foe Schiff to face jail time
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President Donald Trump called for California Democrat Sen. Adam Schiff to face jail time while invoking recently declassified documents alleging Obama administration officials «manufactured and politicized intelligence» to create the narrative that Russia was attempting to influence the 2016 presidential election.
«Adam ‘Shifty’ Schiff is in BIG TROUBLE!» Trump posted to Truth Social Sunday evening. «He falsified Loan Documents. He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally ‘manufactured’ in order to stage an actual coup.»
«My son did nothing wrong, knew nothing about the fictional story,» he added. «It was an American Tragedy! Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!»
Schiff is under scrutiny after the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in «multiple instances,» Schiff allegedly «falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.»
FEDERAL HOUSING OFFICIAL SUBMITTED SCHIFF CRIMINAL REFERRAL TO DOJ OVER MORTGAGE DOCUMENTS
President Donald Trump highlighted 2024 allegations of mortgage fraud against Sen. Adam Schiff, left — claims that Schiff has denied. (Getty Images)
FHFA is an independent federal agency that oversees Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
Schiff’s office did not respond to Fox News Digital’s request for comment Monday morning.
Trump publicly lambasted Schiff Tuesday over the alleged mortgage fraud, while Fannie Mae’s financial crimes investigations concluded last week in a letter to the FHFA that Schiff allegedly engaged in «a sustained pattern of possible occupancy misrepresentation» on five Fannie Mae loans, Fox News Digital previously reported.
«I have always suspected Shifty Adam Schiff was a scam artist,» Trump posted to Truth Social Tuesday. «And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.»
«Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA. I always knew Adam Schiff was a Crook. The FRAUD began with the refinance of his Maryland property on February 6, 2009, and continued through multiple transactions until the Maryland property was correctly designated as a second home on October 13, 2020.»
Schiff has passed off the allegations as a continuation of Trump’s history of slamming the liberal lawmaker.
Sen. Adam Schiff is facing scrutiny over his home mortgages in California and Maryland. (Drew Angerer/Getty Images)
«Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,» Schiff posted to X earlier in July after Trump first accused Schiff of mortgage fraud. «So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot.»
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Trump and Schiff have long been political foes, which was underscored during Trump’s first administration when Schiff served as the lead House manager during the first impeachment trial against Trump in 2020, and when Schiff repeatedly promoted claims that Trump’s 2016 campaign colluded with Russia.
Days after Trump first posted about Schiff’s mortgages in Maryland and California, the president’s Director of National Intelligence Tulsi Gabbard declassified documents that reportedly show «overwhelming evidence» that then-President Barack Obama and his national security team laid the groundwork for what would be the yearslong Trump–Russia collusion probe after Trump’s election win against former Secretary of State Hillary Clinton in 2016.
«It lays out, these over 100 documents that you’re referencing, that I declassified and released, spells out in great detail exactly what happens when you have some of the most powerful people in our country directly leading at the helm, President Obama and his senior-most national security cabinet, James Comey, John Brennan, James Clapper, and Susan Rice and others, essentially making a very intentional decision to create this manufactured, politicized piece of intelligence with the objective of subverting the will of the American people,» Gabbard told Fox News’ Sean Hannity Friday evening.
Tulsi Gabbard declassified documents that reportedly show «overwhelming evidence» that then-President Barack Obama and his national security team laid the groundwork for what would be the yearslong Trump–Russia collusion probe. (John McDonnell/The Associated Press)
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She argued that the goal of Obama and his team was to essentially «not accept the decision of the American people» in 2016, and to use this «manufactured, politicized piece of intelligence» as a means to enact a «years-long coup against President Trump.»
Schiff was an incredibly vocal lawmaker amid the Russian collusion claims, most notably when the House censured him in 2023 over his promotion that Trump’s 2016 campaign colluded with Russia. Schiff served in the House representing California from 2001 to 2024, when he was sworn-in as a senator after his successful 2024 campaign to serve in the nation’s upper chamber.
Sen. Schiff was a vocal lawmaker who promoted the narrative that the 2016 Trump campaign colluded with Russia. (Susan Walsh/The Associated Press)
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Schiff served as the ranking member of the House intelligence committee from 2015 to 2019, before becoming the committee’s chair from 2019 to 2023. In that role, Schiff was kept up to date on classified materials surrounding the Russian collusion claims.
Schiff advocated in 2018 that Donald Trump Jr., the president’s son, face a subpoena amid Special Counsel Robert Mueller’s investigation into claims Trump’s 2016 campaign colluded with Russia to secure the election, which Trump cited in his latest Truth Social aimed at Schiff. Mueller’s investigation, which wrapped up in March 2019, into the Russia claims determined there was no evidence of collusion between the Trump campaign and Russia.
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