US lawmakers reintroduce legislation enforcing fair trade with China
Washington,(PTI): Two US lawmakers — one each from the Republican and the Democratic party — on Wednesday reintroduced a legislation in the House of Representatives to safeguard American assets from Chinese influence and possession, as well as protect American businesses from China’s tools of economic aggression.
Reintroduced by Congressman Tim Ryan and Mike Conaway, the Fair Trade with China Enforcement Act is the companion legislation to a similar legislation introduced by Senators Mark Warner and Marco Rubio in the Senate.
“Our imbalanced trade relationship with China poses profound national and economic security risks to the United States. The bipartisan Fair Trade with China Enforcement Act would help correct our trade imbalances with China and give American workers a level playing field to compete and succeed,” said Ryan.
This legislation would further strengthen the American position by safeguarding our assets from Chinese influence and possession, and blunting China’s tools of economic aggression, he added.
“While the United States is operating in a 24-hour news cycle, China has a long-term plan reaching 50 to 100 years. We need to get ahead of the game and strengthen our economy, and this legislation will put us on that path forward,” Ryan said.