by Today U.S. Senator Josh Hawley (R-Mo.) announced the first piece of legislation in his new Worker’s Agenda to Rebuild America. The Ending Normal Trade Relations with China Act would revoke China's normal trade relations status to reduce our dependency and protect America’s working class.China is America’s greatest adversary. To win the fierce economic competition for jobs, industry, and the future, America must return to the long-standing formula for American success: strong and independent workers. Years of short-sighted decisions by policymakers in Washington have only perpetuated the problem. “As we face a new age of competition with China, we need an agenda in Washington that will make our working class strong and independent. We can start by revoking the sweetheart deal D.C. elites
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Today U.S. Senator Josh Hawley (R-Mo.) announced the first piece of legislation in his new Worker’s Agenda to Rebuild America. The Ending Normal Trade Relations with China Act would revoke China's normal trade relations status to reduce our dependency and protect America’s working class.China is America’s greatest adversary. To win the fierce economic competition for jobs, industry, and the future, America must return to the long-standing formula for American success: strong and independent workers. Years of short-sighted decisions by policymakers in Washington have only perpetuated the problem.
“As we face a new age of competition with China, we need an agenda in Washington that will make our working class strong and independent. We can start by revoking the sweetheart deal D.C. elites handed to China 23 years ago—end normal trade relations, put in place strong tariffs, and protect American workers,” said Senator Hawley.
Smoot-Hawley redux? The reasoning behind then and now is protectionism, which is anathema to the liberal doctrine of free markets, free trade, and free capital flows. Isn't this antithetical to the US claim to be competing?
JOSH HAWLEYU.S. SENATOR FOR MISSOURI
Protectionist trade policies and the lack of an economic agenda for East and Southeast Asia have become central themes in critiques of US policy towards the region and its approach to managing US–China ‘strategic competition’.According to these accounts, US protectionism undermines its economic draw in East Asia — and the political leverage stemming from it — at a time when it has already been eroded by rising reliance on Chinese trade, investment and regional institutions such as the Regional Comprehensive Economic Partnership (RCEP). Instead, the United States should employ open economic diplomacy, return to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and allow for greater market access for exporters from the region.
From the US perspective, limiting economic openness towards China is necessary to protect its industrial base, lessen its import reliance in critical sectors and mitigate the potential for China to weaponise interdependence. But export restrictions, punitive tariffs and industrial policies aimed at eroding the market share of Asian firms are perceived in East Asia as detrimental to the ‘rules-based international order’ and East Asian prosperity.
A ‘protectionist’ United States still key to East Asia’s economy
The U.S. and some other Western countries must take responsibility and be held accountable for the systemic violation of human rights resulting from their unilateral sanctions, Chinese Foreign Ministry Spokesperson Wang Wenbin said at a press conference on Monday....