Elizabeth Warren

The goal of economic competition should be to make our domestic economy strong and to raise the standard of living for the American people.

We must protect and lead in labor rights, to show other nations that is the way to more sustainable economic growth.

Nothing will change unless regulators step in.

It is not just the right thing to do; it is how we retain our competitive advantage against China.

If we fail to act, then we will spend the coming decades relying on China and other countries.

We really need the government's signal and the government's support to help companies make those investments.

Instead of making sure that American workers could compete on a level playing field, the U.S. Trade Representative worked with corporate lobbyists to make offshoring U.S. manufacturing jobs to China as cheap as possible.

That is not an accident. That is a policy choice.

China right now poses the greatest global threat to climate change.

We can and we must do better for our workers. It is the right thing to do.

This hearing will come to order. I apologize for our delay in starting, but thank you.

China is already making these investments, seeking to combat pollution and to dominate new sectors.

I am glad that the Biden administration is saying all the right things about putting labor, environmental, and equity issues at the center of our trade policy.

We have a historic opportunity right now to invest in American workers and American families; in other words, to invest in U.S. competitiveness.

China has been acting with impunity, and in part because countries around the world have been unwilling to act.

Cryptocurrencies are going to play a significant role in our financial system for years to come.

We should be addressing workers' concerns at the beginning, when a trade policy is negotiated, not trying to pay them off once they lose their jobs and their communities have been destroyed.

So we are going to have the ranking member and I trade out.

Economic competition from China presents serious challenges for American workers and businesses, but it also presents a call to action.

It is our responsibility in Congress to defend our Nation's workers, citizens, and interests.

Engaging in a race to the bottom with China on labor conditions does not make America more competitive.

China is actually already moving into this market very aggressively.

The United States should be racing to make investments in green technology, green products, green infrastructure.

Too often trade rules undercut workers, which promotes offshoring and a global race to the bottom in labor and environmental standards.

China continues to build outdated and polluting coal-fired power plants throughout the developing world.