|TRAFICANT, James A., Jr.,|
WEDNESDAY, JULY 22, 1998
Washington, D.C. – U. S. Rep. James A. Traficant, Jr. (D–OH) will vote in favor of a resolution the House will consider today to disapprove renewal of normal trade relations with China. "For more than a decade the U.S. has maintained normal trade relations with China," said Traficant. "Let's take a look at how successful this policy has been. China continues to grossly abuse human rights. There is no political or religious freedom in China. Our trade deficit with China continues to grow. China continues to steal U.S. intellectual property. China is dramatically expanding its military. China continues to flaunt U.S. and international law by selling high tech weaponry to rogue nations. Our China policy is wrong. It is immoral, it is stupid, and it must be changed," added Traficant.
Later today the House will vote on a resolution denying the President's request to provide normal trade relations, formerly known as most-favored nation (MFN) trade status, for products produced in China. The authorization would be for one year, July 1998 through July 1999. Passage of the resolution by the House and Senate, and a two-thirds vote in both bodies to override an expected veto of the measure by the President, is required to deny the renewal of normal trade relations with China.
"While China gets normal trade relations, China's great wall of trade barriers, regulations, and exorbitant tariffs stop American goods in their tracks," asserted Traficant. "Three out of four toys sold in America are made in China. Half of the shoes, suitcases and briefcases sold in America are made in China." According to U.S. government trade figures, for every five dollars in goods China sells in America, U.S. companies sell only one dollar in China. The U.S. trade deficit with China is accumulating at a rate of more than $1 billion a week and is projected to reach $63 billion in 1998. Since 1993, the total trade deficit with China is $238 billion.
Traficant also pointed to efforts by the Chinese government to influence recent U.S. elections. The U.S. Department of Justice recently found that the Chinese government tried to funnel $2 million to influence U.S. federal elections, including the presidential race. Congressional committees are investigating whether Loral's receipt of a presidential waiver of satellite export restrictions to China is linked to sizable campaign contributions to the Democratic National Committee by Loral's chief executive officer.
Traficant also noted that China has continued an unprecedented military build-up alongside an unrelenting campaign to obtain sensitive U.S. military technology. "The most frustrating aspect of China's military build-up is that much of it is being facilitated by our own government," said Traficant. He pointed to a long list of commercial deals and sales for China approved by our government over the past several years. These include the transfer of rocket launch technology; the sale of property in Long Beach, California for China's government- owned shipping fleet (the site is in close proximity of U.S. military installations); a $138 million U.S. government loan to finance ship construction in Alabama; a 25-year lease to operate two ports in the U.S.-built and controlled Panama Canal; the sale of materials and technology for construction of a missile and strategic-bomber factory; the sale of 46 super- computers – giving China more supercomputers than the entire U.S. military; the sale of sensitive telecommunications equipment; and the transfer of advanced encryption software.
In addition to building up its own military, China continues to export missile technology and state-of-the-art weaponry to nations that openly support terrorism, including Iran, Iraq, North Korea and Syria. According to the Central Intelligence Agency, China is the world's top weapons exporter. In addition, China continues to build and deploy weapons of mass destruction. U.S. intelligence sources have confirmed that China has 14 intercontinental nuclear missiles pointed at U.S. cities.
"The sad truth is, China is the biggest national security threat facing our nation, and we're financing this threat with a sweetheart trade deal known as normal trade relations. There is nothing ‘normal' about our trade relations with China. Beam me up. There is no intelligent life left here," concluded Traficant.2009