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The Chinese Communist Party has destroyed millions of American jobs and stolen trillions of dollars in American intellectual property. by one’s own actions Beijing has lost its special trade status with the United States. That is why we along with Secretary of State Marco Rubio and Republican Senator Josh Hawley of Missouri. jointly wrote a comprehensive decree terminating permanent normal trade relations with China. Our laws distinguish between the U.S. economy and the U.S. economy. and China strategically and end China’s economic war on American workers and businesses.
In 2000, our country’s leaders granted permanent normal trade relations to China. and give the Chinese Communist Party open access to the American economy. They believe China will have more freedom as it gets richer. And our company will benefit from fair and free access to more than 1.2 billion Chinese consumers. That didn’t happen.
The Chinese Communist Party, on the other hand, is more repressive. and Chinese citizens have less freedom The Chinese government has committed every type of economic crime imaginable. Treat our company unfairly and closing thousands of American factories. Since 2000, the United States has lost more than 4 million manufacturing jobs, and it is estimated that our country loses $600 billion to intellectual property theft every year. especially in China
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Beijing has also used its economic power to censor American leaders. American company and even American movies, entertainment, and news. Worst of all, China is using our stolen wealth to build the largest army in the world. Beijing cannot prepare its military at present. Without economic exploitation of our nation
Special trade relations with China have had an impact on the U.S. FILE: In this Tuesday, Feb. 2 (photo) Oct. 4, 2020, worker watches a container ship arrive at a port in Qingdao city. Turtle, Shandong Province, eastern China (Chinatopix via AP)
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over a period of five years Our laws will gradually End tariffs of 35% on non-strategic Chinese goods and 100% on strategic Chinese imports. At the same time, it gives the president discretion to impose additional restrictions on critical imports.
A gradual increase in these taxes will give American companies time to reduce production in the United States. Training American workers and adapt to China’s new business environment free from corruption and abuse. Our legislation also closes a so-called “de minimis” trade loophole that allows China to send millions of packages to the United States every day completely tariff-free.
Our legislation would then use these tax revenues to compensate businesses that are targets of Chinese retaliation. Even though there is retaliation But we must pursue the best policies for the American people. and not allowing fear of what China might do to dictate what we do. Additional revenue from taxes will be used to strengthen our military and pay off our national debt.
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This bill will reset our relationship with China. Create jobs in America Rebuilding U.S. manufacturing, maintaining critical supply chains. Build our army and strengthen our economy It would also end more than 20 years of economic policy mistakes that have harmed Americans and created wealth for the Chinese Communist Party.
There is nothing normal about America’s current trade relationship with China. And we cannot allow it to last forever. We look forward to working with President-elect Donald Trump. and the coming congress to begin a new chapter in US-China relations
Republican John Moolenar represents Michigan’s 2nd District in the U.S. House of Representatives. where he serves as chairman of the Chinese Communist Party Selection Committee.
Click here to read more from Rep. John Moolenaar.
Click here to read more from SEN Tom Cotton.
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