05.09.19

Senator David Perdue Talks U.S.-China Trade On CNBC

“We are now establishing U.S. interests and standing up for our rights and workers.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joins CNBC’s Squawk Box to discuss the latest in U.S.-China trade negotiations. Today, the Trump Administration will resume high-level meetings with China’s trade delegation led by Vice Premier Liu He.

Click here to watch.

Senator Perdue on Squawk Box 5

Highlights:

Cautiously Optimistic: “It’s disappointing to hear that the Chinese are backing up from some of the earlier agreements. However, it is encouraging that Vice Premier Liu He is here this week and we’re entering into negotiations again today. I’m hopeful that Secretary Mnuchin and Trade Representative Lighthizer will be able to get us back to where we were last week.”

Equal Access: “The last five U.S. presidents ignored this trade imbalance. What President Trump is trying to do is create a level playing field. If China can ship rice here, the U.S. should be able to ship rice there. Equal access is very basic in common trade practice.”

Protecting American Workers: “For the last 40 years we dealt a better hand to the Chinese than we dealt to American workers. What President Trump is saying is we’re going to protect our interests. We know China has been protecting theirs.”

China’s Trade Violations: “President Xi Jinping has his own pressures to maintain solidarity around what China is trying to do. Remember, they’re the ones who published Made in China 2025. They’re the ones who have the Belt and Road Initiative around the world. They’re the ones who are violating the common trade practices established by the World Trade Organization. There are a lot of changes that have to happen in China’s structure moving forward.”

Bipartisan Support: “I applaud the President for standing firm. I don’t like tariffs any more than anybody else, but I absolutely think we have bipartisan support for standing up for American interests on trade.”

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