A Quote by Donald Trump
I fully understand the One-China policy. But I don't know why we have to be bound by a One-China policy unless we make a deal with China having to do with other things, including trade.
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I mean, on one hand Rex Tillerson is correct, there are no plans to change the One China policy. But certainly that policy is on the table if China doesn't also come to the table and work with us on trade, work with us on the South China Sea on what's happening there.
As ambassador to China, Huntsman never publicly objected to Obama's trade policy, which allows China to take advantage of us - something that Donald Trump highlighted. Challenging Obama on China is one of the keys to beating him.
Ronald Reagan, when he was campaigning for President, said that he would break relations with Communist China and re-establish diplomatic relations with Taiwan. But when he got into office, he pursued a very different policy of engagement with China and of increasing trade and business ties with China.
The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
Every time there has been an attempt to disturb it, it led to two things. It led to immediate intense conflict with China, and it led to a reaffirmation in the end, because nobody wanted a major confrontation with China to this principle of a "one China" policy within which Taiwan is finding a place now. Its own position has greatly improved since the Nixon policy. It is richer, it is stronger and it is participating in many international organizations.
We have this rising nation China. And one of the things we want to do is make sure that China's neighbors are actually bound to us, bound to the United States.
China wants Western countries to be timid. Its strategic foreign policy has been to make any criticism of the Communist Party of China seem unreasonable or even Sinophobic.
China is very important. The future growth of China, China's influence is bound to rise.
China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.
We have to fundamentally rethink our trade policy and make it work not for the CEOs of large corporations, but for working people. So, if Trump wants to develop a rational trade policy which demands corporations start investing in this country, rather than China, that's something that we can work on.
We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.
As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.
Of course I have the license to make up things, but I think a lot of what's written about China is misleading, and most Americans don't know much about China, in-depth, even though China is such a crucial business partner, rival, whatever.
Human rights in China should absolutely play a role in broader U.S. policy toward China. When we look the other way on fundamental issues of human rights, we are also responsible.
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