Vastavam web: US President Donald Trump is set to take more actions against Chinese products as he strongly believes that American businesses have been “ripped off” by foreign trade competitors, the White House said today.The US has some USD 500 billion trade deficit with China. Ever since coming to power, Trump has sought to reduce this trade deficit which he says is mainly due to the unfair trade practices of China.Shah was responding to a question on media reports that the Trump administration was working to increase import tariff on a number of Chinese products.
According to the Office of the United States Trade Representatives, China is currently US’ largest goods trading partner with USD 578.2 billion in total (two way) goods trade during 2016.”The president campaigned on, believes in strongly, that American workers and American businesses have been ripped off by foreign trade competitors and partners in the past, and he wants to level the playing field,” Shah said.
Meanwhile, Florida Senator Marco Rubio urged the US Senate Committee on Health, Education, Labour and Pensions (HELP) to include language in the upcoming Higher Education Reauthorization Act to address Chinese government-run programmes known as ‘Confucius Institutes’.”Confucius Institutes are Chinese government-run programs that use the teaching of Chinese language and culture as a tool to expand the political influence of the PRC,” he said.
There are presently more than 100 Confucius Institutes, in addition to Confucius Classrooms at the K-12 level in the US.Meanwhile, Trump’s key adviser on the administration’s “America first” economic policies also said that the next step in US trade policy is addressing intellectual property theft by China, Fox News reported.US businesses have been “abused” by China and forced to give up their technology in order to enter the Asian market, according to Navarro.