WASHINGTON DC (August 23, 2019) — Senate Finance Committee Chairman Charles "Chuck" Grassley today released the following statement regarding the escalating trade war with China.
“President Trump is right to fight back against China’s well-documented rule-breaking and intellectual-property theft. He’s the first president to take action on a problem that’s been going on for decades. China’s economy is hurting as a result, but so, too, are US consumers and many sectors in the American economy. Iowa farmers have been particularly hard hit and are at risk of permanently losing an export market. The only way to end this trade war is for China to come to the table and negotiate seriously on an enforceable deal that ends its bad behavior and unfair trade practices. In the meantime, tariffs cannot be the only negotiating tool. Tariffs are not a long-term solution.”
