WASHINGTON, DC - Ways & Means Committee Ranking Member Richard Neal (D-MA) released the following statement after the Trump Administration announced new investment restrictions and tariffs on China:
“Having already undermined U.S. national security interests by agreeing to China’s precondition to trade talks by easing penalties on ZTE, the administration now appears to be saving face by rattling its saber with new deadlines on investment restrictions and tariffs on China. I hope the Trump Administration is not compromising U.S. national security for a chance to convince the Chinese to do what China was planning to do anyway - buy more agricultural and energy products from the United States. In the meantime, the Made in China 2025 initiative continues full speed ahead. Without a coherent strategy, it's hard to see the renewed commitment to threatening tariffs and investment restrictions as anything but more bluster and chaos."
Congressman Neal and fellow Ways & Means Committee Democrats have called for hearings on U.S.-China trade with Trump Administration representatives.
