DETROIT — China is engaging in “predatory economics 101” and an “unprecedented level of larceny” of intellectual property, Secretary of State Mike Pompeo told a business audience Monday. Pompeo made the remarks at the Detroit Economic Club as global markets reacted to trade tensions between the U.S. and China. Both nations started putting trade tariffs in motion that are set to take effect July 6. He said China’s recent claims of “openness and globalization” are “a joke.” He added that China is a “predatory economic government” that is “long overdue in being tackled,” matters that include IP theft and Chinese steel and aluminum flooding the U.S.