Chuck Schumer: “on one other issue--this is really in my craw--the New York Times reported that one of the fastest growing Chinese car…”

“on one other issue--this is really in my craw--the New York Times reported that one of the fastest growing Chinese car companies is plotting ways to sell cars in America. According to the Times, by pursuing a partnership with Fiat Chrysler, the Chinese state-owned company GAC Automobiles hopes to enter the U.S. market through the backdoor. It would be the first Chinese car maker to sell in the United States. If they were to do so, they would face a 2.5-percent tariff here in the United States. Meanwhile, if a U.S. automaker sold cars in China, it would face a 25-percent tariff--10 times higher--and would have to compete with state-owned businesses and unfair regulations. So while China prevents U.S. automakers from gaining a foothold in their country with prohibitive tariffs--what the Times called ``the highest trade barriers by far of any major car market''--they are plotting ways to eat into our market. It is manifestly unfair and a perfect example of China's rapacious trading policies. President Trump and his campaign won a lot of votes by promising over and over again that he would crack down on Chinese mercantilism, but once in office, unfortunately, like so many of his other promises and commitments to working Americans, he has not done it. And he has delayed trade enforcement against China time and time again. Even the studies he has commissioned have been delayed. We need to get serious about these flagrant trade abuses before it is too late.…”