WATCH: At 9 a.m. Chairman @senorrinhatch will address the importance of trade and American competitiveness at @BizRoundtable.https://trade.brt.org/
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Hatch: American and global prosperity through free trade and open markets is a project that has spanned my entire life and I don’t intend to see that project abandoned.
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Hatch: China is the biggest external threat to the U.S.-lead intern'l free trade system. China is not a market economy—its largest economic actors are controlled by the Communist party. But China is not our only challenge. American innovation is being targeted around the globe.
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Hatch: While China’s leaders and America’s protectionists have different motives, they have the same ultimate goal: American retreat from open markets and global economic leadership.
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Hatch: Chinese companies don’t pay U.S. tariffs. Rather, American companies and American consumers get the bill. That is a tax hike, pure and simple.
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Hatch: The good news is that President Trump has indicated interest in trade policies that would result in job creation at home and American leadership on the international stage.
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Hatch: This positive trade agenda has three elements: opening new markets, targeting bad actors using existing trade tools, and protecting America’s creators and innovators.
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Hatch: Congress will be diligent in performing its Constitutional duty to oversee trade policy. We will also work w/ the admin. to realize tax reform's full benefits & to pursue policies allowing American businesses & innovators to create jobs & prosperity for all Americans.
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Find Hatch's full
@bizroundtable remarks here: https://go.usa.gov/xQcU5Show this thread
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