Chuck Schumer: “No time limit, but we will try to keep it to 40 minutes. Great. I rise in strong support of this amendment of which my…”

“No time limit, but we will try to keep it to 40 minutes. Great. I rise in strong support of this amendment of which my friend from Kentucky is a cosponsor. The lead sponsor of this legislation is Senator Graham as well as myself. What this legislation does is simple. It says to the Chinese, enough already. It says to the Chinese that their unfair trade policies have got to end. It says to the Chinese, this is a shot across your bow. Reform because if you don't, there are going to be dramatic consequences throughout the world, in our country, and in your country as well. The bottom line is very simple: The Chinese have enjoyed a huge trade surplus with the United States, as this chart shows. Every year it gets larger and larger and larger. Admittedly, some of that trade surplus is due to the rules of free trade. But much of that trade surplus is because the Chinese don't play fairly. They don't let our goods into their country. I can tell you of company after company in New York that cannot sell goods in China or can only sell the goods under certain conditions that make it impossible for them to sell them. The Chinese make no effort to prevent the ripping off of our intellectual property. These are our crown jewels, the great creativity, the great entrepreneurialness of the American business community that is taken, and they shrug their shoulders.…”