US Shouldn't Back Down From Trade Threats Against China, Democratic Senators Say
President Donald Trump should not back down from taking further action against China should the country fail to make real concessions just to get a “meaningless” deal done at the upcoming G-20 Conference in Buenos Aires, said a group of…
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prominent Democratic senators in a letter dated Nov. 28. “China has not offered to make any structural reforms to their trade practices regarding the use of government subsidies to boost its emerging industries, technology transfers, and espionage,” said a statement released alongside the letter, citing a report in The New York Times. “We urge you to stand firm against China if meaningful concessions are not made. American jobs, American innovation, and long-term American economic prosperity are at stake,” said the letter, signed by Senate Majority Leader Chuck Schumer, D-N.Y., as well as Sen. Sherrod Brown, D-Ohio, and Sen. Ron Wyden, D-Ore. Section 301 tariffs against China are scheduled to rise to 25 percent on Jan. 1, 2019, unless Trump directs otherwise.