Yakym Urges Global Action on China’s Trade Tactics

WASHINGTON-– Part of the reasons the tariffs are happening may be to convince other countries to come down harder on China and that country’s efforts to flood the world with products made there.

U.S. Rep. Rudy Yakym, who represents north central Indiana in Washington, questioned United States Trade Representative Ambassador Jamison Greer in a House Ways and Mean Committee hearing this week on how other countries may help the United States tamp down China’s aggressive efforts to monopolize trade.

“It seems like there’s a global recognition that the threat posed by China’s overcapacity is real. The EU, Brazil, Indonesia, Thailand, and others have also imposed tariffs on China to counter the flood of cheap exports,” said Yakym, a Republican.

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He was citing partly, a report by the New York Times that pointed out China has increased production in the past several years, loaning its own industries money to make sure they do that.

That type of purposeful flooding of the market with cheap goods is called “over capacity”.

“It’s not just us. Reports suggest that Canada and Mexico are open to coordinating with the United States on China’s over capacity,” said Yakym.

He asked Greer if he was knowledgeable about the potential for coordination between our key allies to help check China’s actions.

“With respect to Canada and Mexico. I won’t get into the details of our negotiations with them. I’ll defer to their public statements. But for my part, I would say we have encouraged, we being American policy makers, we have encouraged for years, our close trading partners to take stronger action against China, of the types of actions that we are taking,” said Greer.

For now tariffs on most other countries are paused, with the exception of China, and that battle continues, with tariffs increasing between the two counties daily, making it more clear that the tariffs were and are at least partly, about forcing China to show themselves more clearly in their effort to dominate trade.