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U.S. Senator Marco Rubio (R-FL) joined National Public Radio’s All Things Considered to discuss his plan to expand the child tax credit for working families. See below for the full transcript and listen to the edited interview here. On the connection between the child...
Rubio: Trump Must Hold Out For A Good Deal With China
Trump must hold out for a good deal with China
By Marco Rubio
February 13 2019
As American officials continue talks with their counterparts in Beijing to end the U.S.-China trade dispute, they should resist the temptation to cut a bad deal. At a minimum, they should strive to achieve the goals that President Trump outlined late last year: meaningful structural changes regarding forced technology transfers, intellectual-property theft, non-tariff barriers and cybersecurity.
Bringing balance to America’s relationship with the People’s Republic of China is the geopolitical challenge of this century. That the United States is now in a position to deliver on the challenge is impressive. The opportunity shouldn’t be wasted by focusing on a handful of individual trade matters that do little to address structural imbalances. An improved U.S. trade surplus in soybeans would not be enough.
For nearly two decades, the communist Chinese government fooled the world into believing it would eventually embrace international norms. By welcoming China into the World Trade Organization in 2001, the United States and other nations hoped it would truly open its economy and markets to foreign companies and, someday, even allow for political liberalization.
The hopes were mistaken.
As China rises, seeking to become the dominant global superpower, it is violating the international rules of the past century while moving to write new rules for the new century in its mercantilist and authoritarian image.
China has maintained its one-party political system’s authoritarian character, including an utter disregard for human rights and the impartial rule of law. An increasingly aggressive Beijing poses a direct threat to U.S. national interests and to the nation’s most deeply held values.
Until recently, few thought the United States was willing — or able — to confront China. But in his recent State of the Union address, Trump put the world on notice that America is “now making it clear to China that after years of targeting our industries, and stealing our intellectual property, the theft of American jobs and wealth has come to an end.”
Read the rest here.