04.17.18

Senator David Perdue Talks Trade Negotiations On CNBC

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Becky Quick and Joe Kernen on CNBC’s Squawk Box about ongoing trade negotiations and his recent trip to China and South Korea to examine the future of trade in the region.

Click here to watch or click on the image below.

Squawk Box (2_2)

Highlights:

Getting China’s Attention: “We recently met with some of the top leaders in China. They are very serious about dealing with the United States and growing their economy. This is a country that’s on the rise, and we have to deal with them. I think President Trump has taken the right tact. He’s gotten their attention.”

New Approach: “We have a new sheriff in town here, and President Trump is not afraid to actually put things in play—for example, these tariffs.”

Start the Conversation: “Talk is cheap. We all know that. That’s one reason why I think President Trump put these tariffs on them. Let’s start the conversation. Look at South Korea. We now have a trade agreement with South Korea that puts us on more of a level playing field.”

Sign Of Progress: “You saw the week after we were over there—after President Trump threatened them with tariffs—President Xi came in and voluntarily offered to back up on some of the tariffs that they now have against the U.S.”

Equal Access: “I think we want a level playing field. We met with several CEOs, people who are operating in China and have been operating in China for the last two decades. It’s a mixed bag. Some are doing well, and some have to transfer technology in order to do business in China. We don’t want that.”

Historic Economic Growth: “What President Trump did last year was phenomenal. It was historic. Job one was growing the economy, and to do that we focused on regulations, energy, and taxes. We see right now that over 3 million jobs have been created. Things are moving. We’re on track to see some $6 trillion come back into the economy because of the regulatory rollback work, the Dodd-Frank bill we just passed in the Senate – hopefully, it will pass in the House—and the energy work that we’ve done.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.