Yes, they are, being a US citizen working in China I know that very personally. So if the US goes the China approach, we only welcome foreign companies that we can screw something from, like IP or expertise, and block the rest out (foreign social networking websites? create a great firewall).<p>The US benefits GREATLY from its open market while China&#x27;s semi closed market in turn hurts it a lot. Ya, foreign companies still operate there, but only with an expectation that it will open in the future, not given today&#x27;s situation!<p>Having a different tax rate for foreign companies would basically destroy the WTO, all those treaties that benefit the USA in lopsided ways go away, and we will just lose a lot of wealth in one swoop. All the other countries will retaliate of course, taking a significant chunk of global GDP that relates to trade down, almost probably causing a few wars and such.