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Matthew Perdie, Jack Knudsen/BNN Senator Tom Cotton (R-AR) called for a ban on United States investments in strategic Chinese industries on Monday evening during a speech at the Ronald Reagan Presidential Library.
Cotton delivered his speech as part of the Reagan Foundation’s Time for Choosing Speaker Series , where Republican politicians address fundamental questions about the Republican Party. Cotton touched on the threat the Chinese Communist Party poses to the United States, President Joe Biden’s failed foreign policy, the crisis at our southern border, and education during his speech.
While speaking about China, Cotton called the country’s entrance into the World Trade Organization “one of the single worst mistakes of this generation.” Indeed, both parties are complicit in one of the single worst mistakes of this generation: granting Communist China permanent Most Favored Nation status and admitting it into the World Trade Organization. Now China is our most dangerous enemy. Since then, China’s economy has grown 12 times over. China is now the largest exporter in the world and controls over a quarter of global trade. It’s done so by waging a brutal economic world war. Cotton called out the Chinese Communist Party for committing “every economic crime in the book,” including “product dumping, intellectual-property theft, illegal subsidies, economic espionage, currency manipulation, even using slave labor.”
“No country has been harmed more by China’s crimes than our own. China’s entry into the WTO in 2001 began a hollowing out of America’s industrial base, economy, and working-class,” he said .
He went on to call for an end to our economic reliance on China. In the name of security, fairness, justice, and prosperity for our people, it’s time to end our economic reliance on China—and decouple our supply chains. But decoupling is not enough. We ought to ban U.S. investment in strategic Chinese industries […]
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