A Quote by Reince Priebus
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.
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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.
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.
As part of that negotiation [with China], as part of fulfilling that promise, all of these issues are on the table. But at the same time, Rex Tillerson is correct, there's no predetermined path here. But it's something that is going to be discussed and decided down the road.
In the South China Sea and underneath the South China Sea, of course, there's a lot of raw materials. There are very rich fishing grounds there, so there are some economic concerns in the South China Sea as well.
I have done business in China for 25 years, so I know that in order to get China to cooperate with us, we must first actually retaliate against their cyber-attacks so they know we're serious. We have to push back on their desire to control the trade route through the South China Sea through which flows $5 trillion worth of goods and services every year.
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.
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.
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 continue to urge China and other claimants to work constructively to resolve these disagreements, so that the South China Sea - which is so vital to the global economy - can be defined by commerce and cooperation.
If you really want to change the Trump administration, you have to change the guy at the top. And that's not happening anytime soon. But, again, where I do think where you will see some movement is on this economic side, where I suspect, for example, this is a victory for China, because Trump was - I mean, Bannon was the hawk on China trade.
In America, we're being hurt very badly by China with devaluation, with taxing us heavy at the borders when we don't tax them, with building a massive fortress in the middle of the South China Sea, which they shouldn't be doing.
There's a national ambition, a collective, in a sense, political ambition, which I think is the thing we see from far away. That's the fact that China's building roads and airports and extending its reaches out into the East China Sea and the South China Sea, and in a way that's putting it into some tension with its neighbors.
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.
I can't take anything off the table. Because you look at some of these countries, you look at North Korea, we're doing nothing there. China should solve that problem for us. China should go into North Korea. China is totally powerful as it relates to North Korea.
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.
I think it's possible that China is ready for a serious change regarding its North Korean defector policy. Chinese people are starting to realize that so many defectors have been suffering in China, and it doesn't have to be this way.
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