Congressman Tim Ryan Responds to President Trump's Comments on U.S. – China Relations
Washington, DC – Congressman Tim Ryan released the following statement in response to President Trump’s recent comments on U.S. – China relations.
“President Trump’s about-face on U.S. – China policy is yet another example of his continued inability to advance a consistent trade policy. China spent decades manipulating their currency, refusing to meet World Trade Organization obligations, stealing U.S. intellectual property, giving illegal subsidies, and engaging in predatory trade action. While China may not currently be devaluing their currency, that shouldn’t be an excuse for President Trump to let China off the hook. There are still many trade issues we have to press China on, and we need to have the tools and ability to handle currency manipulation should it arise again,” said Congressman Ryan. “On the campaign trail, Donald Trump loved telling us how tough he would be on China, and many of my constituents believed him, but since taking office he hasn’t taken a single action to stand up to them. President Trump’s weakness on U.S. – China relations and lack of a coherent trade policy will result in more job losses in communities like mine all across the country who cannot compete fairly with Chinese companies who do not have to abide by the environmental and labor standards we have in the US. We have the most innovative and productive workers in the world, but we need concrete, enforceable trade policies to compete on a level playing field.”
Last week Representatives Tim Ryan (D-OH), Sander Levin (D-MI), and Bill Pascrell (D-NJ) introduced the Currency Reform For Fair Trade Act. This bill takes aim at currency manipulators by enabling the Department of Commerce to impose countervailing duties to offset the impact of currency manipulation on a U.S. industry. The three members sent a letter to President Trump in February urging him to go beyond executive action and support this legislation so that U.S. manufacturers will have the confidence needed to invest in the United States.
Congressman Ryan also joined a group of 90 Members of the House of Representatives in writing to President Trump, demanding that he fix the failed policies on trade with China. Throughout his campaign and his first months in office, President Trump pledged to the American people that he would correct our China trade policy and declared that this was essential to delivering on two other promises—to reduce our massive trade deficit and to ‘bring back’ American manufacturing jobs. However, the President has yet to act on these critical issues.