Neal Statement on Trump’s China Capitulation

SPRINGFIELD, MA- Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement after the Trump Administration announced its intention to lower tariffs on China:

"By every measure, President Trump's trade war with the world has failed. Coupled with his war of choice with Iran that has sent fuel prices to historically high levels, Trump has brought nothing but higher costs for families, less opportunity for workers, chaos for small business owners, and fractured partnerships abroad. Desperate for a way out of his abysmal economic record, Trump is again selling out American workers and businesses by cowering to China when they've done nothing to address their manipulative trade and market behavior.

"This capitulation comes as he unjustifiably doubles down on his trade war with our most important trading partners. Treating the world's greatest trade cheat with kid gloves while socking our allies with more job-killing, price-hiking tariffs isn't a strategy. It's more weakness that families can't afford. Enough of the red-carpet rollouts and backroom deals, it's beyond time to return to sensible trade policy that actually delivers for the American people."

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