Sunday, September 30, 2018

Trump administration to China: Compete on a level playing field

U.S. ambassador to China Terry Branstad, a former Iowa governor, speaks with Iowa soybean growers who were on a trade mission to Beijing in July 2017.

On Sept. 23, the China Daily - a newspaper the Chinese Communist Party uses to circulate propaganda to foreign audiences - took out a paid advertisement in the Des Moines Register criticizing U.S. actions on trade.

The Trump administration is putting America and Americans first by calling on China to live up to its pledge when it joined the World Trade Organization in 2001 to provide greater economic openness and to compete on a level playing field.

"I ran a small business in Kansas before I came to Congress. I saw how companies were treated differently when they attempted to do business, whether they were trying to sell goods into China or to purchase goods, to export from China. I watched how American companies were treated unfairly, differently, a different set of rules. If they wanted to invest in my business in Kansas, they could have. Had I wanted to invest in a Chinese supplier there, I couldn't. These are fundamentally unfair. The American people know that, and President Trump is going to fix it."

The administration implemented tariffs to obtain elimination of China's unfair policies and begin to level the playing field between American companies and their Chinese competitors.

If China is serious about its commitment to reform, its WTO obligations and fair trading practices, the government of China should instead take appropriate steps to change its behavior and adopt market-oriented reforms that lead to fairer trade, freer markets and prosperity for all.

In the end, the best way to increase prosperity for both the United States and China is for trade to be fair, reciprocal and balanced.


https://www.desmoinesregister.com/story/opinion/2018/09/30/trump-administration-china-compete-level-playing-field/1452878002/

No comments: