ADRIAN SMITH: The Free World vs. China | Representatives
With 1.4 billion consumers, China is a place of abundant potential. China is also ruled by the Chinese Communist Party, a longtime belligerent that enslaves its own people, steals intellectual and material property, and flouts core values such as national sovereignty, free enterprise, democracy, and the rule of law. right in the world. While Congress has taken several small steps to restrict China this year, including passing the Uyghur Forced Labor Prevention Act that bans products made with forced labor in China’s Xinjiang region, the Biden administration is failing. not to confront China’s aggression more directly.
January 15 marks the second anniversary of the “Phase One” trade agreement between the United States and China brokered by President Trump and provides an opportunity to assess the effectiveness of our approach to China. We have had some clear victories under the phase one deal, but President Biden’s inaction could undo that progress even as we work to build on it. By signing the phase one trade deal, China pledged to increase market access for U.S. products in four sectors — agriculture, services, manufacturing, and energy — and to bring reforms key to practices harmful to US companies such as intellectual property theft and currency manipulation.
Two years later, China is far from fulfilling its phase one obligations. Although the final figures for December 2021 are not yet known, according to experts, between January 2020 and November 2021, Chinese imports of American products only reached sixty percent of the phase one target. China has also failed to fulfill other commitments such as introducing intellectual property reforms. On issues like Canadian dairy subsidies and European aircraft subsidies, America has not given our allies a free pass when they fail to meet their trade commitments; we certainly must not let the Chinese Communist Party off the hook.