[FONT="]My administration is committed to improving our trade and business relationships with China. And this relationship is something which we are working very hard to make a fair and reciprocal one. Trade between China and the United States has not been, over the last many, many years, a very fair one for us.
[/FONT]
[FONT="] [/FONT]
[FONT="]As we all know, America has a huge annual trade deficit with China -- a number beyond anything what anybody would understand. This number is, shockingly, hundreds of billions of dollars each year. Estimates are as high as $500 billion a year. We must immediately address the unfair trade practices that drive this deficit, along with barriers to market success. We really have to look at access, forced technology transfer, and the theft of intellectual property, which just, by and of itself, is costing the United States and its companies at least $300 billion a year.[/FONT]
[/FONT]
[FONT="] [/FONT]
[FONT="]As we all know, America has a huge annual trade deficit with China -- a number beyond anything what anybody would understand. This number is, shockingly, hundreds of billions of dollars each year. Estimates are as high as $500 billion a year. We must immediately address the unfair trade practices that drive this deficit, along with barriers to market success. We really have to look at access, forced technology transfer, and the theft of intellectual property, which just, by and of itself, is costing the United States and its companies at least $300 billion a year.[/FONT]
