Right now, one country, above all, engages in “egregiously unfair and predatory trade practices designed not simply to benefit themselves but also to harm our country,” writes Rep. Chris Smith. “That country is the People’s Republic of China under Xi Jinping and the Chinese Communist Party, which racks up ruinous trade deficits with the United States and seeks to undermine our industrial base.”
“Since May 1994, when President Clinton foolishly and shamelessly delinked human rights conditionality and trade with China, until January 2024, our cumulative trade deficit with China skyrocketed to a staggering $7.1 trillion,” writes Mr. Smith, New Jersey Republican and a senior member of the House Committee on Foreign Relations.
“Unlike previous presidents, Mr. Trump fully understands the nature and scope of the problem, China’s existential threat and what needs to be done,” argues Mr. Smith, who asserts that “the idea that communist China could be a responsible member of an international trade regime, the World Trade Organization, which should be premised on equal and fair trade, is a joke.”