Page 25 - The South China Business Journal
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bad policy and bad business, and it We need the administration can and should take steps now to
has no place in fair global commerce. instead to work collectively with U.S. enhance commercial cooperation
It is ultimately self-defeating. industry, Congress, and our trading in sectors that are vital to both of
partners to adequately address our economies, such as agriculture,
Now would be an excellent time for China’s unfair trade practices in ways healthcare, and an efficient global
China to move forward aggressively that maximize the likelihood of real, transportation system.
on significant, systemic reforms that enforceable solutions – and without
produce a truly level playing field. A inflicting collateral damage on Having said all of that, no one
senior U.S. government delegation businesses and consumers. here is naïve enough to believe
will raise these issues later in the that China and the United States
week in Beijing. Finally, a respectful and mutually are going to stop competing for
beneficial relationship between the resources, talent, and market access
Third, we are deeply concerned United States and China is good around the world. Nor will either
that the tariffs on imports from for the world. The United States country stop advancing its ideas
China proposed by the United and China constitute 40% of global about the best economic model and
States – and the risk of these tariff the global economy. We are the form of government.
threats escalating even further – will two most powerful and influential
not effectively advance our shared countries on the planet. We share My bottom line on China is simple:
goal of changing these harmful global responsibilities to foster peace, Compete we will, but cooperate we
Chinese practices. Tariffs are hidden, prosperity, and stability. must. We will do so not only for the
regressive taxes that will be paid by good of our respective peoples, but
U.S. businesses and consumers in the The whole of our relationship is for the benefit and welfare of the
form of higher product prices. not just trade and investment. We entire world.■

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