It's not clear where things are headed in Congress on the so-called China bill, otherwise known as the America COMPETES Act.
The way the U.S. interacts with the world through its trade policy is central to its competition with China.
Americans can complain about the economic relationships that friends and allies are building with China.
Since the U.S. is in a sort of hiatus on trade right now-apparently waiting for China to get so far ahead of it in inking trade agreements that Washington will ultimately be forced back into the game-the least Congress can do is refrain from hobbling our own economy and the value it offers the world.
Neither the House nor Senate versions of the America COMPETES Act is perfect on trade, but the House version is terrible.
The U.S. imports virtually no steel from China as a result of the American steel industry's appeals to current law.
Prohibiting new imports by tightening access to these programs would only hurt the American economy, contribute to inflation at home, and make it harder for us to make friends abroad. The U.S. is not going to win this global fight with China through increased regulation and government spending.
https://www.dailysignal.com/2022/04/26/unleashing-its-market-is-way-america-beats-china/
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