President Donald Trump on Sunday, Feb. 17, said his administration is making “big progress” on dealing with China on “many different fronts,” forecasting that the United States will reach a new high level in “growth and greatness.”
“Important meetings and calls on China Trade Deal, and more, today with my staff,” President Trump sent a tweet on Sunday. “Big progress being made on soooo many different fronts! Our Country has such fantastic potential for future growth and greatness on an even higher level!”
Important meetings and calls on China Trade Deal, and more, today with my staff. Big progress being made on soooo many different fronts! Our Country has such fantastic potential for future growth and greatness on an even higher level!
— Donald J. Trump (@realDonaldTrump) February 17, 2019
The president’s statement is strongly supported by earlier comments of different experts.
“Under President Trump, the United States has finally recognized the comprehensiveness of the challenge from China and is taking action on a number of fronts at the same time,” Jim Talent, a former House representative from Missouri, and now a member of the U.S.-China Economic and Security Review Commission, wrote on Fox News on Dec. 14, 2018.
“For years, the weak leadership of former President Barack Obama let the vast communist dictatorship of China go completely unchecked in such theft. Now China is finally being held accountable, and investors are starting to realize that Trump knows what he’s doing here,” Dr. Gina Loudon, Ph.D., wrote in the Washington Examiner. “For instance, China is hurriedly pushing through a new law ending the practice of forced technology transfers and violations of foreign companies’ intellectual property rights—something the U.S. has made a key priority in the current trade talks.”
“President Trump is exposing China’s economic vulnerability, showing that the communist nation cannot maintain its rapid growth without it patently unfair mercantilist trade policies,” said Andy Puzder, author of a book named “The Capitalist Comeback: The Trump Boom and the Left’s Plot to Stop It.” Pudzder wrote on Fox News: “By adopting a tough stance on trade with Beijing, President Trump was able to expose the weakness of China’s economy and demonstrate that its growth is far more fragile than it appears.“
Tough stance of President Trump in trade talks with Beijing set a vision that the American deficit to China may be “eliminated completely,” another expert said.
“I believe that the U.S. trade deficit with China can be eliminated completely, as the Chinese have been employing a very clever trade policy—to the detriment of the United States,” Ivan Martchev, an investment strategist at Navellier and Associates, wrote in Market Watch Jan 25, 2019.
“Since China is a hybrid economy, Chinese state buyers control where China buys from. The Chinese have been running trade deficits themselves (i.e., trade surplus for the partner country) with many countries they consider key partners, so that they can increase their political influence,” Martchev detailed. “On the other hand, because the Chinese could get away with this clever maneuver, worthy of masterful Sun Tzu disciples, the American side has been enabling this activity by tolerating it, that is, until President Trump showed up.”
Trade is not the only issue the Trump administration is dealing with when it comes to China. Vice President Mike Pence made clear that the president is targeting various issues caused by the Chinese Communist regime.
“As we gather here, negotiations are underway in Beijing to redefine our trading relationship. And our negotiations are not simply about the trade imbalance,” Vice President Pence spoke at the 2019 Munich Security Conference on Saturday.
Pence detailed: “Under President Trump’s leadership, the United States has also made it clear that China must address the longstanding issues of intellectual-property theft, forced technology transfer, and other structural issues in China that have placed a burden on our economy and on economies around the world.”
The vice president continued to enlist further threats posed by the Communist regime, including its militarization damaging “the freedom of navigation in the South China Sea,” its “debt diplomacy,” and political interference in other countries, and its long history of undermining “the rights of religious minorities in China,” a clear implication to persecuted groups of believers such as House Christians, Islamic Uighurs, Tibetan Buddists, and members of Falun Gong, a spiritual meditation discipline.
Vice President Pence affirmed that “Beijing knows where we stand.”
“And while America will keep standing strong, we’ll also keep remaining hopeful, as these discussions continue, that we’ll be able to take this first step to redefine our relationship based on reciprocity and mutual respect, and in so doing, make it possible to address other issues to the benefit of the United States and China, and the world,” he said.