If we had a 1/4 percent tariff--just 1/4 percent tariff--on all Chinese goods, and we increased it by 1/4 percent every month, then companies that fail to disengage from China would find a--they would be at a 40 percent disadvantage by the end of the decade.
Sherman proposes a gradual tariff increase to incentivize companies to disengage from China.
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I'm hoping that I can get you to co-sponsor what is now bipartisan legislation to say that we do not provide tax incentives for investing in Chinese-based companies.
Can I be assured that you are getting more input from Americans than Europeans in writing these rules?
When the facts are with you, argue the facts. When the public policy is with you, argue the public policy.
I would point out that many of us on this committee urged that we arm Ukraine before February 2022.
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