American firms aren't beholden to America – but that's news to Trump | Robert Reich

Photo of American firms aren't beholden to America – but that's news to Trump | Robert Reich
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The president’s agreement with China is based on a misunderstanding of the corporate mindset. It’s time to invest in ourselves

Trump’s “phase one” agreement with China, to be signed on Wednesday, is intended partly to slow China’s move into new technologies like electric cars by protecting the intellectual property of American corporations.

Which lends a certain irony to Tesla’s first Model 3 electric sedans now coming off assembly lines at the firm’s new multibillion-dollar plant in Shanghai.

Related: Tesla delivers first China-made cars from $5bn Shanghai factory

Robert Reich is a Guardian US columnist. His next book, The System: Who Rigged It, How We Fix It, will be out in March

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