A Quote by Robert Lighthizer
How does allowing China to constantly rig trade in its favor advance the core conservative goal of making markets more efficient?
Related Quotes
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
A more consistent and sustainable relationship with China will be a core goal of my administration. That requires open channels of communication, both with China's leadership and the Taiwanese people.
Markets do not run better when manufacturing shifts to China largely because of the actions of its government. Nor do they become more efficient when Chinese companies are given special privileges in global markets, while American companies must struggle to compete with unfairly traded goods.
With open markets, the nation's trade deficit with China would shrink as we export more natural gas and agricultural products and as China's consumers could afford to buy their preferred 'Made in America' products.
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.
My goal has always been to figure out how we can advance the conservative cause.
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.
We see the tendency in the world to criticise democracy and sometimes even to say that authoritarian countries like China are more efficient. That is very short-sighted. China looks efficient only because it can sacrifice most people's rights. This is not something the west should be happy about.
The far more likely Trump scenario is this: Chinese leaders realize they no longer have a weak leader in the White House; China ceases its unfair trade practices. America's massive trade deficit with China comes peacefully and prosperously back into balance, and both the U.S. and Chinese economies benefit from trade.
On trade, a Conservative government would challenge China's actions on canola and meat imports through the World Trade Organization and withdraw funding from the Chinese-run Asia Infrastructure Investment Bank.
Technological advance often thrives in sheltered and subsidized markets, which defy free trade.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
Renewable energy fits well into the conservative mindset by allowing competition into the energy markets so that consumers have choice. The system as it is, with big utilities monopolizing the energy playing field or fossil fuel energy being given massive subsidies so that they are on a kind of corporate welfare, is the antithesis of conservative principles.
I am against portraying China as the demon of the global community. China has grasped more quickly than other countries what globalization means and what it demands. The country has learned how to use other people's innovations for itself. India, incidentally, is not far behind China in this respect. Both are not nations in the European sense, but rather cultural communities with enormous markets. The challenge of the future is to work out how to deal with that.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
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.
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