Political Quotes

On the recordAugust 2, 2017
Finally, Mr. President, on the issue of trade, according to reports, the Trump administration is preparing an open investigation into China's trade practices, focusing on economic espionage and the theft of intellectual property. I certainly applaud the sentiment. I have been decrying for years how the Chinese have been taking advantage of us in a way that has sent trillions of dollars of American wealth to China and millions of jobs to China so we should certainly go after them. The problem is, we don't need another investigation to know what China is up to. That is what the President called for: Let's investigate--another investigation. It is clear what China is up to. By dumping counterfeit and artificially cheap goods into our markets, denying U.S. companies fair access to its markets, and relentlessly stealing and exporting intellectual property of U.S. companies, China, as I said, has robbed the U.S. economy of trillions of dollars and caused the loss of millions of good-paying U.S. jobs. Estimates by our own government--already made estimates; we don't need a study, President Trump--pin the cost of cyber espionage alone at $400 billion a year to the U.S. economy--$400 billion a year, and 90 percent of it comes from China's Government. This is not a benign process. This is not some rogue company. This is the Chinese Government. Here is what our four-star general, Keith Alexander, the former Director of the National Security Agency and commander of the U.S.…
Said by
Chuck Schumer
Democratic · New York
Source
govinfo.gov
Aug 2, 2017

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