On the recordMarch 7, 2019
Mr. President, finally, on China, news reports continue to suggest that President Trump is close to cementing an agreement with Beijing that, unfortunately for America and for American workers, would fall far right of expectations. Earlier this week, the New York Times reported that China is drafting new laws on foreign investments to pacify the United States, but those new laws do not include any changes to how China forces American businesses to transfer technology and know-how as the cost of doing business. If our best companies were allowed to sell to China unfettered, they would have huge amounts of profit, and they would employ huge amounts of people in America more. China doesn't let that happen, but they can sell freely here. The President was right to target China. The President was right to impose tariffs on China. The President will have taken defeat out of the jaws of an almost victory if he now backs off for the sake of a photo op or some brief changes in what China purchases and forsakes American wealth and American workers, while China is stealing our wealth and jobs from our workers every single day. If President Trump accepts a short-term purchase of American goods in exchange for a reduction in our tariffs without structural reform to China's predatory trade practices, shame on him. If he thinks that photo op will help him; it will not. If he thinks a temporary, little bump in China buying more soybeans or more steel products will help; it will not.…





