Romney Says US Must Join Allies to Confront Chinese Economic Abuses
Sen. Mitt Romney, R-Utah, says there is the potential for a bipartisan consensus on a strategy to compete with China. Romney, who was speaking at a U.S. Chamber of Commerce program May 19, said the two parties are more united than they were two years ago, as they recognize China's threat to liberal democracies. He said that "China’s rise is the result really of their economic resources, and those are resources that are built in part through predatory practices, particularly subsidized or predatory pricing which allows them to put western businesses out of business...."
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He said China has the ambition to have the strongest military, be the dominant geopolitical leader and have the top economy by 2049. "We’ve got to link arms with our allies. We can’t be fighting with Mexico, and China and the EU and South Korea and Japan, we’ve got to come together and say we collectively are going to have to make sure that China understands what the rules of the road are, and they cannot continue to exact their predatory behavior on us, or they’re not going to have access to our markets," he said.