ICYMI: Moolenaar Joins Squawk Box and NPR to Discuss Biden Administration's New Tariffs on Imports from China
WASHINGTON DC — In case you missed it, Chairman John Moolenaar (R-MI) and Ranking Member Raja Krishnamoorthi (D-IL) of the House Select Committee on the Chinese Communist Party joined CNBC's Squawk Box this morning to discuss the Biden Administration's new tariffs on imports from China. Chairman Moolenaar also went on NPR's Morning Edition radio program to discuss the tariffs and the nature of U.S. strategic competition with the Chinese Communist Party.
Watch the lawmakers' full CNBC interview HERE and read key moments below:
Moolenaar on leveling the economic playing field with China:
"[The tariffs] are an important bipartisan initiative that our committee has supported to make sure we're treated fairly by other nations. It should be free trade for free nations, and China has exploited our freedom here in the United States. When you consider the dumping that's going on, the overcapacity, and the unfair trade practices that they've engaged in, this is simply leveling the playing field. It's something I think should receive bipartisan support."
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Listen to the Chairman's full NPR interview HERE and read key moments below:
Moolenaar on how tariffs address Chinese government subsidies upending U.S. industry:
"It's important that when you consider the subsidies that the Chinese Communist Party has when it comes to industries, like the auto industry, an electric vehicle manufactured in China by BYD costs about $10,000. When you consider that the least expensive electric vehicle in the United States is $30,000, because they don't receive those kind of subsidies, that's an unfair advantage for China. We're simply trying to level the playing field."
Moolenaar on China abusing its economic relationship with the U.S.:
"China has a strategy of investing in different industries, and chasing American industries out of the arena. We cannot afford, as a country, in these vital industries, to be simply undercut in an unfair way. We have treated China as an equal, as a fair trading partner. They have not reciprocated... Unfortunately they've abused the relationship, and that is why we are taking these actions." |