NY grand jury indicts former President Trump
(CNS News.com) – When asked if it is possible for the U.S. to engage in free trade with a communist country such as China, Sen. Ron Paul (R-Ky.) did not answer directly but said the U.S. should reduce regulations and taxes on American businesses to “help level the playing field."
At the Capitol on Tuesday, CNS News asked Sen. Paul, “The U.S. trade deficit with China in 2021 was more than $300 billion for the tenth year in a row. Can the U.S. have free trade with a Communist country?”
The senator said, “The best way to enhance our trade vis-a-vis other countries is to reduce regulations or taxes on our American businesses, and I think that’s helped us to level the playing field.”
As the Census Bureau reported yesterday, the United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion. In 2018, the deficit hit an all-time high of $418,232,900,000.
During 2021, the United States exported $151,065,200,000 in products to China, but then imported $506,366,900,000 in products from China, resulting in $657,432,100,000 in total trade between the two countries -- and a $355,301,700,000 deficit for the United States.
In its latest report on human rights in China, the State Department said that China is "an authoritarian state," where the "Chinese Communist Party is the paramount authority." "Significant human rights issues," it said, "included: ... forced labor and trafficking in persons; severe restrictions on labor rights, including a ban on workers organizing or joining unions of their own choosing; and child labor."