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President Trump is Right � US Markets Up Nearly 50% (44%) Since 2016 Election!

President Trump gave a speech today at Devos to world government, academic and business

leaders at the World Economic Forum.

He stated in his speech that the US stock markets are up due to his policies and programs

where the markets would be down by the opposite amount had Hillary won!

President Trump is right.

He stated that US markets are up by nearly 50% since his election.

(The Dow is up 44% since the 2016 election as of yesterday.)

He also stated that the markets have hit 84 all time highs since the election.

He actually understated the correct amount.

As of yesterday, with the Dow reaching another all time high, the Dow reached its 98th all

time high since the election.

President Trump�s stock markets hit many records in his first year in office as noted

in many previous posts here at TGP.

The stock market on Wednesday, January 17th, 2018, says it all.

On that day the Dow broke 26,000 points for the first time in its history.

As a result the Dow broke the record for the fastest 500, 1,000, 2,000, 3,000, 4,000, 5,000,

6,000 and 7,000 point increases between major milestones in the history of the Dow.

All of these increases occurred since Donald Trump was elected President.

Yesterday the Dow landed at 26,392.

The President also stated in a question and answer period that he believes that if Hillary

Clinton would have won the Presidency that the markets would be down nearly 50% because

of the business suffocating policies of the Obama Administration that the Hillary team

was sure to continue.

Next month Americans will receive more money in their checks due to lower taxes from the

Trump Tax Cut law just passed.

As time goes by, Americans will see more and more the blessing that President Trump won

the 2016 election.

For more infomation >> President Trump is Right – US Markets Up Nearly 50% 44% Since - Duration: 2:54.

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Turkish president Erdogan slams US (English Subtitles) - Duration: 0:40.

It's been just 7 days since the beginning of the operation and they (Americans) are telling us that the operation must be kept short.

I want to ask them: How many years the Americans are operating in Afghanistan? Almost 20 years.

How many years in Iraq? Almost 18 years. You are still there.

Libya? How many Years? Mali, Rwanda?

And they say we should end it in a short time. Those who try to 'give us mind' (lecture us) should use their mind before giving it to us.

For more infomation >> Turkish president Erdogan slams US (English Subtitles) - Duration: 0:40.

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US Approved Ukrainian War Crimes - Duration: 17:41.

Hello,colleagues! I introduce the participants in Donetsk and Lugansk.

In Donetsk the ombudsman in the DPR Daria Morozova - Hello

The deputies of the National Council of the DPR Miroslav Rudenko and Vladimir Bidyovka -Hello

and Elena Shishkina. She is an advocate, the member of the collection and recording of war crimes by the Ukrainian authorities in the Donbass commission  - Hello

I would like to say that Alexander Hug stated that OSCE SMM fixed 478 victims of the conflict in 2017. There are 86 people killed and 392 injured. Do you agree with this numbers or you have another numbers?

- Donetsk, please. Who will start?  - Let me do it - Daria, please

Hello dear journalists, dear colleagues It's true, the numbers are usually very different especially with the reports of OSCE.

We work very close with the United Nations Human Rights Council. If we are not agree with the numbers we usually meet the head of the mission in Ukraine Fiona Frazer.

We usually discuss the statements we don't agree with

Right now I would like to give an information not only from the last report but from the previous reports. I want to talk about the situation in Donbass and in Ukraine

Last year in Kiev the government didn't care much about the human rights. Authorities use many different antidemocratic practices

I am sorry I am very nervous.This is such an important topic for us  ...to destroy the main freedoms

In 2017 the Minsk agreements were violated. Thereby the constant threat was made for the civilians and for the infrastructure as well

The Government of Ukraine  bring to responsibility no one for the events that took place in Donbass and in Kiev

It says in the report that a government of Ukraine made several steps in 2017 to reduce the freedoms like а freedom of expression, freedom of opinion, freedom of mass media and freedom of association

In march 2017 the new law against anti-corruption activists was adopted. Reports says that Ukraine authorities didn't make any steps in investigating the work of MIROTVORETS web-site.

You know there are many people from the DPR and LPR, citizens of the Russian Federation and other countries.

We are trying to ask them to start any investigation, not only we are. The United Nations High Commissioner for Human Rights tries too but no steps were made.

No one was brought to account for the tortures, non-official detain and other violation in the conflict contexts.

The heads of the Ukrainian Security Service despite of the witnesses statements didn't admit the non -official detain and violent disappearing. The investigations started by the Military Procuracy didn't bring any results.

You know that on 27 th of December we had a long-aviated exchange. We are having conversations with the ex-POWs and we are  documenting all the tortures they've passed through.

The minimum that the detained person spent in the dungeons of USS was 6 month. Some people spent there 3-4 years.

Thanks to the collaboration with the United Nations Human Rights Council we could find out a secret prison 1.5 year ago.

13 people were set free from there

According to the interviews with released people we know that on the Ukrainian side there is a secret prisons practice.

We are trying to make an interview with the ex-POWs with the UN, OSCE, the International Committee of the Red Cross representatives to document this.

We understand that there are not much International society reaction. You can have a free access to all our reports, everyone can take a look.

I would like to tell how Kiev react on these reports

I watch the interviews and Kiev refers to these reports but the phrases are taken out of context and they show them  in a good ways for themselves. They don't show the essence of the Donbass conflict

- Thank you  - Thanks very much. I guess we need to give a speech to Elena

Your public organization are fixing war crimes during three years and sending the cases to the European Court of Human Rights

I want to ask you what interim results are you fixing now?

It's true that on the territory of the DPR from the very beginning of the war conflict there is the commission of the collection and recording of war crimes by the Ukrainian authorities in the Donbass

I would like to tell you what is the commission and what is the difference between our commission and the government organizations in the DPR and LPR

The commission of the collection and recording of war crimes by the Ukrainian authorities in the Donbass is some kind of an intelligence center.

There are specialists in the field of law, criminalistics, ballistics and other citizens of our territory.This is a public, the representatives of a civil society

What is the main target of our commission? It's a fixation of a war crimes, crimes against humanity on the Donbass territory.

It's fixing and sending the materials to the International Criminal Court and European Court of Human Rights

The international organizations are fixing the Kiev authorities' crimes, but we are facing the Ukraine politics which is directed to the public and mass-media.

They give fake news. The part of our commission's work is to inform the word public, to give its true information and facts

I would like to talk about the results of work of our commission

In total our specialist sent 585 materials which are fixed and formalized in an appropriate way to the International Criminal Court.

There are annexes with the expert opinions who used the criminalistics methods to establish the directions for artillery shelling

I would like to focus on this

On the 27th of October 2016 the crime were made on the DPR territory. The heavy artillery shelling took place

We have one expert-ballist in our commission. On the basis of scientifically based methodology he determined the direction of the shell. It was from the Ukraine's territory

The conclusions of our commission were introduced in Minsk. The conclusions of the OSCE Mission and our expert are the same. In our case the conclusions are more detailed.

So 585 cases are sent. I want to say about the reactions of the International Criminal Court.

We have answer on 332 cases. We have materials from the criminal prosecutor that the cases are under the studying

This is our big victory because we began from one answer. The cases weren't accepted from us in 2015 and now we have 332 registrated cases

The information about numbers of the victims from the Ukrainian actions. The UN and OSCE reports give underestimate numbers. The categories are bad qualificated.

Our commission fixed that from August 2014 there were more than 1500 appeal sent to European Court of Human Rights

From December 2016 to December 2017 our commission fixed 272 episodes of crimes against humanity and war crimes

As the result 437 people are sufferer, 141 of them are minors, 36 died, 105 were injured and 404 adults from which 158 died, 246 were injured 

- Can you repeat these numbers? - Yes,of course

- To the International Criminal Court 585 materials were send  - NO, I mean the European Court of Human Rights

From December 2016 to December 2017  the 272 episodes of war crimes were fixed.  As the result 437 sufferer,141 of them are minors, 36 died, 105 were injured. From 404 adults 158 died, 246 were injured

I would like to notice that these are not the numbers of victims. These are the numbers of materials which we've sent to the International Criminal Court and European Court of Human Rights.

The numbers of the victims are much more higher

The population of the DPR want to help us very much. They come to us and give voluntarily explanations and evidences. We ask them about the war crimes.

Before in the very beginning of a war people react different. But now it's an active civic position and people want to bring responsibles to justice

During the whole conflict on the DPR territory 4572 people died, 605 of them are women, 3967 men, 76 children.

From the 1st of January to 31st of December 2017 595 people were injured on the DPR territory. 14 children are among them.

From the 1st of January to 31st of December 278 people died, 2 of them are children. Thank you

The question is for Daria Morozova. Not so long time ago the plans about the POWs exchange were voiced.

May be you have approximate numbers of the people you'll exchange? What are the terms?

Unfortunately the POW exchange on the 27 th of December wasn't the exchange all to all.

We can't do it until the end of a conflict, before the 5th paragraph of the Minsk agreement will be accepted.

This paragraph is about the prohibition of a the pursuit and the amnesty of the ones who took part in the Donbass conflict.

We made and exchange but the arrests are continuing I want to say about the non-extradition of the foreign citizens, it's about Russian citizens.

The list was approved by the heads of Republic and supported by the Russian's president and Patriarch Kirill. We are grateful for their support and work.

All the people from the list had to be exchanged. These foreign citizens that weren't given back, they are mostly from Russian Federation.

We have cases where the citizens of the other countries like Brazil, Afghanistan were given back into the embassies

We require to send this people to our territory or to the Russian Embassy. Why was this exchange organized?

There was a category of already convicted people. They wrote a petition on Poroshenko's name to pardon them.

For those people who were under the pre-trial preventive measure was changed to the home arrest

When they pass the line they won't have any possibility to go back to Ukraine. One of the main condition in Minsk was the returning of the documents to the POW

But the documents weren't returned back

We see no difficulties to do  the next stage of the exchange.   We are calling the Ukrainian side to the dialogue

I believe we can exchange people within a month

Right now we want to take all that are confirm.They are 80 people.They were 84. We had correspondence with Mr Medvedchuk yesterday

He sent proves that 4 people were set free. We agree, we want to have a dialogue

So we took away these four people and now we have 80 people to take back

The reports of the UN, the OSCE, the International Committee of the Red Cross are the base for us

We wil certainly meet in Hague the respondents who are guilty in this war. War crimes do not have a statute of limitations

For more infomation >> US Approved Ukrainian War Crimes - Duration: 17:41.

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BREAKING News Outside U.S. Capitol – He's Just Been ARRESTED! Prison WON'T Be Fun For Him! - Duration: 5:23.

For more infomation >> BREAKING News Outside U.S. Capitol – He's Just Been ARRESTED! Prison WON'T Be Fun For Him! - Duration: 5:23.

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North Korea WW3 WARNING: US will STRUGGLE to win drawn-out bloody ground conflict - expert - Duration: 3:08.

North Korea WW3 WARNING: US will STRUGGLE to win drawn-out bloody ground conflict - expert

A TOP US nuclear expert has revealed that any military campaign against North Korea

could trigger a prolonged ground campaign that the US would struggle to win.

Peter Kuznick, director of Nuclear Studies Institute at American University, has warned

those pursuing conflict with North Korea that a war would be a struggle without any winners.

Mr Kuznick had echoed remarks earlier this week from the top US marine general, Robert

Neller, who said that a North Korea war would be "an exceptionally bloody ground conflict".

This follows the shock US move to deploy two nuclear-capable stealth bombers to Guam, amid

fears of an impending tactical nuclear strike.

The US military acknowledged that their B-2 and B-52 stealth bombers, known as the air

leg of the country's nuclear triad, had been sent to the Pacific territory.

Speaking to RT today, the nuclear expert suggested that President Donald Trump had been bluffing

about his country's military capabilities in taking out Kim Jong-un's regime.

He said the difficult terrain on the Korean peninsula combined with the country's military

resources as the fourth biggest army, would spark a drawn-out and bloody war.

Mr Kuznick explained: "The US is threatening a military strike - however, the top marine

general this week said a military action would be really tough on the Korean peninsula.

"In reality, we would be bogged down in very difficult terrain against the fourth largest

army in the world, which is quite capable of striking Seoul very very easily.

"This would be far from a cake walk or a march to victory.

If there was a military solution, Trump would have acted on it long ago.

"The reality of using the military capabilities is not as great as Trump would like it to

be."

General Robert Neller, head of the US Marine Corps, warned on Thursday that a conflict

with North Korea could set off an exceptionally bloody ground war.

He said: "It will be a very, very kinetic, physical, violent fight over some really,

really tough ground and everybody is going to have to be mentally prepared."

General Neller said the US would have to be ready for unexpected circumstances given the

amount of ground artillery North Korea has.

He said that US troops are continuing to train with a focus on night operations and moving

without being detected as well as maintaining communications in unknown territory.

For more infomation >> North Korea WW3 WARNING: US will STRUGGLE to win drawn-out bloody ground conflict - expert - Duration: 3:08.

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We will NOT comply Russia refuses to impose North Korea sanctions set by United States - DAILY NEWS - Duration: 2:56.

'We will NOT comply' Russia refuses to impose North Korea sanctions set by United States

RUSSIA has announced it has no intention of

imposing sanctions on North Korea set by the United States, insisting it is under "no

obligation" to comply with them.

Deputy Foreign Minister Igor Morgulov said yesterday Moscow did not recognise "one-sided

American sanctions" and would only enforce those passed by the United Nations (UN) Security

Council.

Russian news agency RIA quoted Mr Morgulov as saying: "We will carry out only sanctions

which are adopted by the UN Security Council.

"We don't recognise one-sided American sanctions, we have no international obligations to comply

with them."

He added officials would not expel citizens from the rogue state living in Russia who

are subject to punitive measures drawn up by President Donald Trump's administration.

This comes as the US State Department urged the Kremlin to "do more" to uphold UN

sanctions and strangle Kim Jong-un's regime of the funds, oil and coal it needs to further

its nuclear and ballistic missile programmes.

Relations between Russia and the United States have soured in recent months, despite Mr Trump's

desire to repair the strained relationship with President Vladimir Putin.

And now the Kremlin stands accused of breaching UN sanctions by assisting Pyongyang by purchasing

coal from the hermit state, which is one of its biggest cash sources, then shipping it

to South Korea and Japan.

The Security Council banned all exports of coal from the secretive state in August.

But Western European intelligence sources say the secretive state has since shipped

coal to Russian ports on at least three occasions.

One of the sources, who spoke to Reuters on the condition of anonymity, said: "Russia's

port of Nakhodka is becoming a transhipping hub for North Korean coal."

In response, Kremlin spokesman Dmitry Peskov insisted Russia abided by international law.

He told reporters: "Russia is a responsible member of the international community."

Asked about the shipments, a US State Department spokesman said: "It's clear that Russia needs

to do more.

"All UN member states, including Russia, are required to implement sanctions resolutions

in good faith and we expect them all to do so."

For more infomation >> We will NOT comply Russia refuses to impose North Korea sanctions set by United States - DAILY NEWS - Duration: 2:56.

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1/27/18 10:52 AM (7581 US-77, Junction City, KS 66441, USA) - Duration: 5:01.

For more infomation >> 1/27/18 10:52 AM (7581 US-77, Junction City, KS 66441, USA) - Duration: 5:01.

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The biggest infrastructure nightmare facing the United States - Duration: 9:16.

The biggest infrastructure nightmare facing the United States

Engineers say the tunnel should be replaced as soon as possible, at a cost of $12.7 billion.

In 2015, the Obama administration agreed to supply half the funding for it, and designs are nearly complete.

But in December, President Trumps Federal Transit Administration sent a letter to the Port Authority of New York and New Jersey declaring the deal nonexistent..

Local officials were flabbergasted, and are ringing alarm bells about the potential consequences of further delay: A failure could shut down the system for months and throw the regionscommuters into chaos.

We already knew we had a capacity problem, and that it was choking economic growth, says Tom Wright, president of the Regional Plan Association, an independent think tank focusing on challenges facing the New York area.

Now we have the imminent threat of losing that connection.

Its like playing Russian roulette with the economy of the Northeast..

The Gateway project — a collection of upgrades along a 10-mile span including the Hudson Tunnel — is just one among many desperately needed infrastructure priorities that have been in limbo under the Trump administration.

But Gateway is also key to the entire rail network from Washington, D.C.

to Boston, known as the Northeast Corridor, which carries 800,000 people daily.

According to the federally-chartered Northeast Corridor Commission, a shutdown of the service would cost the economy $100 million per day.

And the Hudson tunnel isnt the only point of possible failure: A handful of connections, including a bridge over the Susquehanna River in Maryland, and the Baltimore & Potomac tunnel, are in poor shape as well.

Does it matter to the federal government that the Northeast Corridor is a functioning place? I think you could make the argument that it does, says Robert Puentes, director of the nonprofit Eno Center for Transportation.

We dont seem to recognize the disproportionate influence that some projects have.

This isnt just a project for New York and New Jersey, this is a project for the country..

Funding for the corridor has been snarled by the larger spending battle in Washington, and thedifficulty of allocating huge sums to one region when politicians would rather spread it around.

In 2010, Congress set up the Northeast Corridor Commission, a partnership of Amtrak and mid-Atlantic governments.

It analyzes which projects are needed and how much theyll cost, and determined that the total for repairs along the line would be $38 billion.

In a spending bill passed last year, the House included $500 million for Northeast Corridor upgrades that could serve as a down payment on that total.

But the Senate included only $26 million in its appropriations measure, and the final outcome is still up in the air, with the White House demanding billions of dollars for a wall on the border with Mexico.

The Northeast Corridor is now at a political disadvantage in Washington because it connects Democratic cities with limited influence.

To navigate that environment, private interests that depend on Amtrak or that would profit from rebuilding it — including the Wall Street-heavy Financial Services Roundtable, the Philadelphia Chamber of Commerce, and the nations largest engineering and construction firms — formed a coalition in late 2016 and hired a former Republican House staffer who worked on transportation issues as a lobbyist.

The hope: Businesses that have influence on so many issues in D.C., from banks to pharmaceutical companies, might have enough pull to win federal funding for a transportation network that they use every day.

Like Dan Fitzpatrick, president of Citizens Banks mid-Atlantic region and a member of the coalition, who finds himself on Amtrak at least once a week.

The business of banking is the business of relationships and people, so we need to be able to see our clients, Fitzpatrick says.

If you didnt have reliable rail service, youd be unproductively sitting in traffic jams..

Last week, a handful of Republican representatives whose constituents depend on the Northeast Corridor — Pennsylvanias Ryan Costello, Patrick Meehan and Lou Barletta as well as Pete King of Long Island, New York — sent a letter to House leadership pleading for the $500 million that had been promised.

The business-backed Coalition for the Northeast Corridor sent a similar plea to the Senate, but have so far received no commitments.

President Trump, who has business interests along the corridor himself, has promised an infrastructure plan and the Northeast Corridor may get a piece of that if it comes to fruition.

Officials have said it would include about $200 billion in federal funding, and applications would be evaluated based on how much revenue local governments could raise to match any allocation.

Since New York and New Jersey earmarked funds for rail projects, the Amtrak lines would be a strong contender.

But that plan depends on Congress appropriating the money, which became more difficult after it passed a tax bill thats expected to increase the federal deficit by at least $1 trillion.

A spokesman for Senate Appropriations Chairman Thad Cochran said the senator is reserving judgment on the White Houses infrastructure proposal until its finalized.

The U.S.

Chamber of Commerce has proposed raising the gas tax to pay for infrastructure projects and Trump has signaled openness to the idea, but that route has faced opposition from conservative Republicans.

Meanwhile, the delay may already be constraining the citys economy.

Kathryn Wylde, president of the Partnership for New York City, a business group that is also a member of the Coalition for the Northeast Corridor, surveyed 50 CEOs of international companies about their plans for New York.

Literally all of them identified the capacity and quality and reliability of the transportation system as their number one concern about additional expansion in the New York metro area, she said.

For more infomation >> The biggest infrastructure nightmare facing the United States - Duration: 9:16.

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U.S. lawmakers urge AT&T to cut commercial ties with Huawei -sources - Duration: 6:28.

U.S. lawmakers urge AT&T to cut commercial ties with Huawei -sources

The warning comes after the administration of U.S.

President Donald Trump took a harder line on policies initiated by his predecessor Barack Obama on issues ranging from Beijings role in restraining North Korea to Chinese efforts to acquire U.S.

strategic industries.

Earlier this month, AT&T was forced to scrap a plan to offer its customers Huawei handsets after some members of Congress lobbied against the idea with federal regulators, sources told Reuters.

The U.S.

government has also blocked a string of Chinese acquisitions over national security concerns, including Ant Financials proposed purchase of U.S.

money transfer company MoneyGram International.

The lawmakers are also advising U.S.

companies that if they have ties to Huawei or China Mobile, it could hamper their ability to do business with the U.S.

government, one aide said, requesting anonymity because they were not authorized to speak publicly.

One of the commercial ties senators and House members want AT&T to cut is its collaboration with Huawei over standards for the high-speed next generation 5G network, the aides said.

Another is the use of Huawei handsets by AT&Ts discount subsidiary Cricket, the aides said.

China Mobile, the worlds biggest mobile phone operator, did not respond to requests for comment.

AT&T declined to comment but said that it had made no decisions on 5G suppliers.

U.S.

lawmakers who have in the past expressed concerns about the prospect of the deal between AT&T and Huawei either declined to comment or were not immediately available.

Huawei declined to comment but earlier this week told Reuters that it sells its equipment through more than 45 of the worlds top 50 carriers and puts the privacy and security of its customers as its top priority.

National security experts fear that any data from a Huawei device, for example about the location of the phones user, would be available to Chinese government intelligence services.

In 2012, Huawei and ZTE Corp were the subject of a U.S.

investigation into whether their equipment provided an opportunity for foreign espionage and threatened critical U.S.

infrastructure - a link that Huawei has consistently denied.

The next wave of wireless communication has enormous economic and national security implications.

Chinas participation in setting the standards and selling the equipment raises many national security issues that demand strict and prompt attention, said Michael Wessel, a member of the U.S.-China Economic and Security Review Commission, which was set up by Congress.

U.S.

lawmakers do not want China Mobile to be given a license to do business in the United States, the congressional aides said.

China Mobile applied for the license in 2011, and the application is pending before the Federal Communications Commission.

Huawei and Chinese telecom firms have long struggled to gain a toehold in the U.S.

market, partly because of U.S.

government pressure on potential U.S.

partners.

Two Republican lawmakers, Representatives Michael Conaway and Liz Cheney, introduced a bill this week that bars the U.S.

government from using or contracting with Huawei or ZTE Corp, a Chinese telecommunications and equipment and systems company.

(Reporting by Diane Bartz; Additional reporting by Anjali Athavaley; Editing by Chris Sanders and Lisa Shumaker).

For more infomation >> U.S. lawmakers urge AT&T to cut commercial ties with Huawei -sources - Duration: 6:28.

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1/27/18 10:57 AM (401-411 US-40 BUS, Junction City, KS 66441, USA) - Duration: 5:11.

For more infomation >> 1/27/18 10:57 AM (401-411 US-40 BUS, Junction City, KS 66441, USA) - Duration: 5:11.

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1/27/18 9:51 AM (9137-9199 US-77, Junction City, KS 66441, USA) - Duration: 5:05.

For more infomation >> 1/27/18 9:51 AM (9137-9199 US-77, Junction City, KS 66441, USA) - Duration: 5:05.

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Introduction Larry André, US Ambassador to Djibouti and his wife Ouroukou Andre. - Duration: 1:46.

As-Salaam-Alaikum, Hi!

I am Ambassador Larry André.

[Ouroukou:] Hi! My name is Ouroukou André .

My wife, Ouroukou, and I are delighted with our assignment to Djibouti.

[TEXT: Meet U.S. Ambassador Larry André in Djibouti]

I will represent the President of the United States of America, our government

and the American people to the President of the Republic of Djibouti,

your government, and you, the Djiboutian people.

My embassy team and I will work with Djiboutians

to achieve shared security

prosperity goals for the benefit of both our peoples.

This is the purpose of the United States-Djibouti partnership.

I have worked across Africa for 35 years , most recently as Ambassador in Nouakchott, Mauritania.

I was in Djibouti 17 years ago to work with the Djiboutian government on various projects.

Ouroukou and my daughter Ruhi, who grew up in Africa, are eager to experience the warm hospitality of Djiboutians

and visit your world-renowned natural attractions.

Merci,

Mahadsanid, Gadda Ge,

Choukran.

[TEXT: Produced by the U.S. departement of State]

For more infomation >> Introduction Larry André, US Ambassador to Djibouti and his wife Ouroukou Andre. - Duration: 1:46.

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1/27/18 9:08 AM (381-431 US-40 BUS, Junction City, KS 66441, USA) - Duration: 5:02.

For more infomation >> 1/27/18 9:08 AM (381-431 US-40 BUS, Junction City, KS 66441, USA) - Duration: 5:02.

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Chinese wind turbine firm found guilty of stealing U.S. secrets - Duration: 4:16.

Chinese wind turbine firm found guilty of stealing U.S. secrets

Beijing-based Sinovel broke the law in its efforts to obtain software developed by the U.S.

company, AMSC, to manage the flow of electricity from wind turbines into electrical grids, they said.

Sinovel nearly destroyed an American company by stealing its intellectual property, Assistant Attorney General John Cronan said in a statement Wednesday following the verdict.

The conviction comes at a sensitive time for business relations between the U.S.

and China.

President Trump on Monday slapped tariffs on imports of solar panels, a big Chinese industry.

His administration is also investigating Chinese practices that result in the illegal transfer of U.S.

commercial secrets.

The Chinese company said in a statement that its taking measures to protect the companys interests, and will turn to legal means to safeguard the companys legal rights and protect the rights of its minority holders.

Its shares dropped nearly 4% in Shanghai on Thursday following the guilty verdict from a jury in Wisconsin.

Back in March 2011, the Chinese company ordered $800 million worth of AMSC (AMSC)products and services.

Instead of honoring the contract, prosecutors say Sinovel immediately conspired to steal AMSCs copyrighted information and trade secrets.

Two Sinovel employees then convinced an AMSC employee to secretly download source code from an AMSC computer.

Sinovel used the technology to produce new wind turbines and to retrofit existing ones with the U.S.

companys technology. It then refused to pay the $800 million it owed AMSC.

Following the theft, the value of AMSCs assets fell by more than $1 billion and almost 700 jobs were lost, according to evidence presented at the trial.

Sinovel was convicted of conspiracy to commit trade secret theft, theft of trade secrets and wire fraud.

It could face billions of dollars in penalties.

Sentencing is set for June 4.

The verdict sends a strong and clear message that the theft of ideas and ingenuity is not a business dispute; its a crime and will be prosecuted as such, U.S.

Attorney Scott Blader said in the statement.

Sinovels illegal actions caused devastating harm to AMSC..