WASHINGTON – Ways and Means Ranking Member Richard E. Neal and Trade Subcommittee Ranking Member Linda T. Sánchez (D-Calif.) today released the following joint statement on the Trump administration’s latest “trade deal” with China:
“President Trump is cowering before China’s threat to ramp up export controls on rare earths and magnets. His supposed ’trade deal’ fails to address our core issues with the world’s biggest trade cheat, China.
“Instead, it sells out American workers, farmers and our national security for what seem like flimsy commitments from China to resume purchases of American soybeans and to ‘keep on talking’ on our trade issues.
“President Trump has failed to advance the legitimate trade concerns identified in the Section 301 investigation – the very issues he cited to justify his trade war with China. His latest deal, like the earlier Phase One agreement, secures no meaningful reforms from China. It ignores China’s unfair industrial subsidies that have gutted U.S. manufacturing, its forced technology transfers and its ongoing theft of American intellectual property.
“President Trump continues to treat China better than our allies, like Canada, where he childishly ended trade talks over a television ad quoting President Reagan. It’s time to end these stupid games and focus on delivering trade policies that support, instead of betray, Americans’ needs.”
###
