WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) welcomed news that the Trump Administration is taking steps to crack down on China’s violation of intellectual property laws today. Still, Brown said a long-term strategy is needed to reset our trade imbalance with China. Brown is urging the Administration to take additional steps under the China 301 case to reform the World Trade Organization and implement his bipartisan bill to screen foreign investments in the United States to ensure they support American jobs.
Chinese investment in the United States tripled from 2015 to 2016 and jumped tenfold in the last five years. Brown’s bill with Republican Senator Chuck Grassley would review foreign investments in the United States to ensure they are in the long-term economic interests of the U.S.
Earlier this month, President Trump answered Brown’s call to crack down on unfair steel imports that have hurt the U.S. steel sector.
“Chinese cheating has cost American jobs, and I applaud the Administration for standing firm in its commitment to crack down on China’s continued violations,” said Brown. “Tariffs are just one of the important tools we have to fight back against trade cheats – they can be effective, but they are also temporary and China will wait us out. To truly fix our trade imbalance with China, we need a comprehensive, long-term strategy that incudes reforming the WTO and making sure foreign investments in the U.S. work for U.S. jobs.”
The Brown-Grassley Foreign Investment Review Act would:
Additional Background on Brown’s work with the Trump Administration on Trade
In May, Brown proposed a plan President Trump should follow as he pursues a 100 Day Plan on trade with China, which outlined steps for a long-term strategy for trade with China.
Immediately after President Trump’s election, Brown reached out to his transition team to offer his help in retooling U.S. trade policy. Brown wrote to Trump in November 2016 offering specific steps to work together on trade and Trump responded with a handwritten note. Since then, Brown has been engaging the President and top trade officials, including U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross to fight for Ohio priorities.