US-China Trade Quotes

With China’s 1.4 billion increasingly affluent consumers starting to compete with U. S. consumers for the U. S. grain harvest, cheap food seen by many as an American birthright, may be coming to an end.

The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years. China went into the World Trade Organization and agreed to play by certain rules. Instead, they are illegally subsidizing their exports, manipulating their currency, stealing all of our intellectual property, using sweatshops, using pollution havens. What happens is, our businesses and workers are playing that game with two hands tied behind their back.

U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.

With open markets, the nation's trade deficit with China would shrink as we export more natural gas and agricultural products and as China's consumers could afford to buy their preferred 'Made in America' products.

During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.

The Chinese are not stupid people. They're very smart people. They told me very, very distinctly that they cannot believe how stupid our representatives are in the United States. They cannot believe that they can continue to take all our jobs - you know, through the manipulation of the currency, of their currency, they make it almost impossible for our great companies to compete.

I have done business in China for 25 years, so I know that in order to get China to cooperate with us, we must first actually retaliate against their cyber-attacks so they know we're serious. We have to push back on their desire to control the trade route through the South China Sea through which flows $5 trillion worth of goods and services every year.

Trump stood up to the failed Biden trade doctrine that filled our shelves with Chinese goods and loaded our ships with American jobs headed overseas.

The U. S. trade deficit with China shows that while we value the potential of their market, they value the reality of our market. It is in this area that we should use our leverage.

For decades, without so much as a peep from the Trump-hating establishment, China manipulated its currency and stole American technology.

America won the Cold War by protecting our strategic resources from the threat of foreign control. We must bring the same attitude to our trade relationship with China.

Historians are going to look back on rising China and say America, at least under the Bush years, did not get that wrong.

I am convinced that China needs to be a strong trading partner with the United States long term.

The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.

American products are better than the Chinese. We do a better job. We make better products. But because the currency is so low versus the dollar versus other things, and so much lower than it should be, it's very hard to compete for our companies.

The far more likely Trump scenario is this: Chinese leaders realize they no longer have a weak leader in the White House; China ceases its unfair trade practices. America's massive trade deficit with China comes peacefully and prosperously back into balance, and both the U.S. and Chinese economies benefit from trade.

I had the trade minister in China sit down as we were preparing for trade negotiations. He said, 'Please don't let people in the United States lose their confidence because when you lose your confidence, the rest of the world suffers'.

I'll also make sure that America has trade relations with China that work for us. I've watched year in and year out as companies have shut down and people have lost their jobs because China has not played by the same rules, in part by holding down artificially the value of their currency. It holds down the prices of their goods. It means our goods aren't as competitive and we lose jobs. That's got to end.

I grew up in New York City in the late '70s, at a time when U.S. - China relations were something that was on the front page of The New York Times on a regular basis.

China is illegally dumping steel in the United States and Donald Trump is buying it to build his buildings, putting steelworkers and American steel plants out of business. That's something that I fought against as a senator and that I would have a trade prosecutor to make sure that we don't get taken advantage of by China on steel or anything else.

In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.

We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.