10 hours agoSchumer says Americans should ‘fear what Trump may concede to China’
President Donald Trump could give Beijing major concessions to Xi Jinping during his visit to China, Senate Minority Leader Chuck Schumer, D-N.Y., warned Wednesday.
“We all ought to fear what Donald Trump may concede to China, just so he can claim a headline,” Schumer said Wednesday on the Senate floor.
Schumer pointed to Trump’s talk of potential Chinese investment in the U.S., arguing it could threaten American supply chains and economic independence.
“Trump has fantasized about $1 trillion in Chinese investments in America,” Schumer said. “That would give the Chinese a stranglehold on our economy, threaten our supply chains, our economic independence, our national security.
“This is Trump empowering Xi’s Made in China ambitions, selling out American manufacturers and workers, giving CCP businesses an edge in undermining America, building industries of the future here at home.”
Schumer also warned Trump could make concessions on electric vehicles, chips, artificial intelligence, fentanyl and Taiwan, saying the risks extend beyond trade.
“Donald Trump could sell out Taiwan, whose people want to continue living in freedom instead of under the jackboot of the Chinese Communist Party,” Schumer said. “Any threat Trump allows Xi Jinping to make against the Taiwanese is a threat to global democracy. It’s also a threat to the global economy, given how many semiconductor chips are made in Taiwan.”
Schumer closed the China portion of his remarks by accusing Trump of being outmaneuvered by Xi.
“Forget the art of the deal, Trump is practicing the art of the duped,” Schumer said.