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Tom Cotton proposes bill to revoke China's 'most favored nation' status - YouTube
Channel: Fox Business
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MARIA: WELCOME BACK.
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MARIA: WELCOME BACK.
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MORE TIKTOK TALKS, THE TREASURY
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DEPARTMENT WILL REVIEW ORACLE鈥橲
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AGREEMENT TO BE A TRUSTED
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TECHNOLOGY PROVIDER FOR TIKTOK.
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BYTEDANCE ANNOUNCING YESTERDAY
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ORACLE WOULD BE ITS PARTNER FOR
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THE U.S. BUSINESS OF THE POPULAR
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APP, BEATING OUT MICROSOFT.
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JOINING ME NOW IS ARKANSAS
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SENATOR TOM COTTON.
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IT鈥橲 GREAT TO HAVE YOU.
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THANKS FOR JOINING US.
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WHAT DO YOU THINK ABOUT THE
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TIKTOK/ORACLE SITUATION, WILL
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THE GOVERNMENT SIGN OFF ON THIS
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DEAL AND I GUESS MY QUESTION
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REALLY IS HOW MANY CHINESE
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NATIONALS WILL START WORKING FOR
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ORACLE AND SHOULD WE BE WORRIED
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ABOUT THE COMMUNIST GOVERNMENT
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TRYING TO GET THEM TO SEND DATA
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TO THE CCP?
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>> THANKS FOR HAVING ME ON,
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MARIA.
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WE SHOULD ALWAYS BE WORRIED
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ABOUT THE CHINESE COMMUNIST
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PARTY TRYING TO INFILTRATE OUR
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COMPANIES AND PUT AT RISK THE
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PRIVACY AND THE SECURITY OF
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AMERICAN CITIZENS.
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I THINK WHEN DEALING WITH THE
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PARTY, THE RIGHT APPROACH AS
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RONALD REAGAN OLD MAXIM ABOUT
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THE SOVIET UNION, IS TRUST BUT
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VERIFY.
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I鈥橫 GLAD THIS WILL BE GOING
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THROUGH AN INVESTIGATION IN THE
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UNITED STATES.
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I鈥橪L BE SKEPTICAL UNTIL WE SEE
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ALL THE DETAILS ABOUT WHAT
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BYTEDANCE IS GOING TO PROPOSE,
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THAT THEY WILL SURRENDER ACCESS
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TO THE DATA OF AMERICANS.
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THE POINT OF THE EXERCISE WAS
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NOT TO PREVENT AMERICANS FROM
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USING THE POPULAR VIDEO SHARING
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APP, IT WAS TO PROTECT AMERICAN
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CITIZENS FROM HAVING THEIR
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PERSONAL DATA SENT BACK TO
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MAINLAND CHINA TO BE USED
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AGAINST THEM NOW OR IN THE
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FUTURE.
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THIS IS THE MAIN OBJECTIVE THE
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REVIEW NEEDS TO BE LOOKING FOR.
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MARIA: YOU INTRODUCED
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LEGISLATION YESTERDAY TO REVOKE
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CHINA鈥橲 PERMANENT MOST FAVORED
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NATION STATUS WHICH ENSURES
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EQUAL TRADING OPPORTUNITY FOR
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WORLD TRADE ORANIZATION MEMBER
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COUNTRIES.
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TELL US ABOUT YOUR BILL AND WHEN
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YOU LOOK BACK OVER THE YEARS
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SINCE WHEN CLINTON FIRST ALLOWED
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AND OPENED UP THE WATERS FOR
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CHINA TO GET THAT MOST FAVORED
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NATION STATUS, HAS IT WORKED?
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>> NO, MARIA, IT HASN鈥橳 WORKED
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AT ALL.
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THIS WEEK IS THE 20 YEAR
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ANNIVERSARY OF GRANTING CHINA
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PERMANENT MOST FAVORED NATION
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STATUS.
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SOMETHING THAT JOE BIDEN VOTED
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FOR AND THAT HE STILL DEFENDS TO
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THIS DAY, EVEN THOUGH MAKING
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THAT MOST FAVORED NATION STATUS
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PERMANENT AND AUTOMATIC, PUTTING
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IT ON AUTO PILOT EVERY YEAR LED
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TO THE SO-CALLED CHINA SHOCK
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WHEN WE SENT MILLIONS AND
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MILLIONS OF OUR MANUFACTURING
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JOBS TO CHINA.
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WHAT HAPPENED BEFORE 2000 IS
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THAT THE PRESIDENT AND THE
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CONGRESS WOULD REVIEW CHINA鈥橲
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PROGRESS TOWARDS BEING A
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MARKET-BASED ECONOMY AND
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PROTECTING HUMAN RIGHTS.
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THERE WERE SOME PRETTY FIERCE
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DEBATES IN THE 1990s ON AN
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ANNUAL BASIS ABOUT CHINESE
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BACK-SLIDING ESPECIALLY AFTER
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TIANANMEN SQUARE.
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WE NEED TO GO BACK TO THAT
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AAPPROACH SO WE CAN KEEP THE
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PRESSURE ON CHINA EVERY YEAR TO
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STOP STEALING OUR INTELLECTUAL
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PROPERTY, STOP STEALING ALL THE
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PRODUCTS THAT THEY HAVE BEEN
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MANUFACTURING BASED ON AMERICAN
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DESIGN AND ENGINEERING.
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WE NEED TO PUT PRESSURE ON THEM
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TO RESPECT THE RIGHTS OF THEIR
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OWN CITIZENS, TO UPHOLD THEIR
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INTERNATIONAL COMMITMENTS.
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WE OUGHT NOT BE IN A SITUATION
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WHERE CHINA GETS MOST FAVORED
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NATION STATUS AT A TIME WHEN
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THEY WERE NOT UPHOLDING THEIR
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TRADE OBLIGATION, THEY鈥橰E
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SHOOTING MISSILES AT OUR SHIPS
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IN THE SOUTH CHINA SEA.
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IT WOULDN鈥橳 REVOKE IT BUT IT
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WOULD BE A GREAT POINT OF
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LEVERAGE EVERY YEAR TO MAKE SURE
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THE CHINESE COMMUNIST PARTY IS
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BEGINNING TO BEHAVE LIKE A
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RESPONSIBLE ACTOR.
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MARIA: IS THERE ANYTHING ELSE
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YOU CAN DO?
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WE鈥橵E BEEN TALKING ABOUT THIS
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INTELLECTUAL PROPERTY THEFT FOR
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A LONG TIME NOW.
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THE PRESIDENT TRIED TO GET THEM
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TO PUT THAT IN A PHASE ONE DEAL.
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THEY SAID NO, WE CAN鈥橳 DO THAT,
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WE WON鈥橳 EVEN ADMIT THAT WE鈥橰E
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STEALING INTELLECTUAL PROPERTY.
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CLEARLY, THIS LAST 20 YEARS HAS
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NOT WORKED BECAUSE WE KEPT
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EXPECTING THAT THE CHINESE
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COMMUNIST PARTY WOULD SAY, WELL,
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DEMOCRACY WORKS, FREEDOM AND
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INDEPENDENCE WORKS, LET鈥橲 MOVE
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IN THAT DIRECTION.
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THEY HAVEN鈥橳 AT ALL.
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IN FACT, THEY JUST ELEVATED XI
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JINPING TO MAU STATUS WHICH IS
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DICTATOR FOR LIFE.
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>> YEAH.
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THEY鈥橵E BEEN BACK-SLIDING VERY
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RAPIDLY UNDER XI JINPING, MARIA.
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THAT鈥橲 WHY WE SHOULD BE
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REVIEWING THEIR MOST FAVORED
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NATION STATUS EVERY YEAR BECAUSE
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THEY WOULD THEN FACE THE
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CONSEQUENCES OF LOSING MOST
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FAVORED NATION TAKE YOU STATUS W
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WOULD MEAN A SIGNIFICANT
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INCREASE IN TARIFFS WHICH IS THE
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LEVERAGE THE PRESIDENT USED TO
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GET THE PHASE ONE DEAL AND IT
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WOULD GET THE ATTENTION OF THE
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LEADERS OF THE CHINESE COMMUNIST
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PARTY, IT WOULD ALSO OF GET THE
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ATTENTION OF AMERICA鈥橲 CORPORATE
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LEADERS BECAUSE ONE REASON THEY
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WANTED PERMANENT MOST FAVORED
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NATION STATUS, THEY DIDN鈥橳 WANT
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THE INCONSISTENT INCONVENIENT AC
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SOMETHING LIKE TIANANMEN SQUARE
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TO GET THEM FROM PERMANENTLY
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OUTSOURCING JOBS TO CHINA.
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IF THEY KNOW EVERY YEAR BEHAVIOR
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WILL BE REVIEWED, THEY MIGHT
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THINK TWICE ABOUT DOING THAT.
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MARIA: IT鈥橲 A VERY GOOD IDEA.
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I THINK YOU鈥橰E RIGHT.
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THE CORPORATE SECTOR NEEDS TO
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GET THE MEMO IN TERMS OF
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FOCUSING ON NATIONAL SECURITY
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RISK AS OPPOSED TO JUST TRYING
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TO SELL WIDGETS TO A BILLION
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PEOPLE.
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TWO ISSUES THAT I鈥橠 LOVE YOU TO
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ADDRESS.
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YOU MENTIONED BIDEN.
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THERE鈥橲 NEW EVIDENCE THAT HUNTER
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BIDEN HAS ALL THESE DEALS AND HE
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GOT $1.5 BILLION FROM THE
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CHINESE COMMUNIST GOVERNMENT
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AFTER HE TOOK A TRIP ON AIR
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FORCE 2 WITH JOE BIDEN WHEN HE
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WAS VICE PRESIDENT AND THERE鈥橲 A
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CHINESE VIROLOGIST RELEASED A
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REPORT THAT SHE SAYS BACKS UP
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HER CLAIM THAT COVID-19 IS YOU H
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MADE, THAT IT WAS MADE IN A LAB
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IN WUHAN, CHINA.
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YOU SAID IT LIKELY CAME FROM THE
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WUHAN LAB.
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SHE SAID IT WAS MAN MADE.
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THAT WOULD INDICATE THAT THIS
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WAS INTENTIONAL.
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>> SO ON THE FIRST POINT, I
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THINK IT鈥橲 IMPORTANT FOR THE
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AMERICAN PEOPLE TO KNOW AS WE GO
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INTO THIS ELECTION SEVEN WEEKS
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FROM TODAY THAT IN 47 YEARS OF
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DEALING WITH CHINA, JOE BIDEN鈥橲
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ONLY CREATED ONE JOB FOR HIS OWN
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SON WHILE HE鈥橲 COST MILLIONS OF
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MANUFACTURING JOBS FROM VOTERS
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ACROSS THE COUNTRY.
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THEY SHOULD HAVE THAT IN MIND.
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THAT鈥橲 WHAT A JOE BIDEN
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PRESIDENCY WOULD DO AS WELL.
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IT WOULD CONTINUE TO SEND JOBS
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OVERSEAS TO CHINA.
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AS FOR THE CLAIMS THAT THE VIRUS
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WAS MANUFACTURED IN A LABORATORY
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IN WUHAN, MY POINT HAS NOT BEEN
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THAT IT WAS MANUFACTURED
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NECESSARILY BUT THAT IT MOST
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LIKELY ORIGINATED IN THAT
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LABORATORY.
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NOW, IT COULD HAVE BEEN A
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NATURALLY OCCURRING VIRUS THAT
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WAS BEING STUDIED AND THAT
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ACCIDENTALLY ESCAPED FROM THE
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LAB THROUGH LAX SAFETY
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PROCEDURES.
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THE MORE FUNDAMENTAL POINT IS WE
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DON鈥橳 KNOW THE ORIGINS BECAUSE
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THE CHINESE COME COMMUNIST PARTY
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WON鈥橳 COME CLEAN ABOUT WHAT WAS
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HAPPENING IN THE LABORATORY.
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ALL THE EVIDENCE, IT鈥橲
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CIRCUMSTANTIAL, ALL THE EVIDENCE
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POINTS TO THE LABORATORY,
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LITERALLY NO EVIDENCE POINTS TO
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THE SEAFOOD MARKET.
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THAT IS A COVER STORY TO
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MISDIRECT FROM THE LIKELY
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ORIGINS OF THE VIRUS.
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MARIA: THIS WOMAN鈥橲 STORY IS
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INCREDIBLE, SHE SAID IT WAS MAN
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MADE IN THAT LAB.
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WE鈥橪L KEEP WATCHING THAT AND
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LOOK FOR MORE INFORMATION ABOUT
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IT.
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SENATOR, BEFORE YOU GO,
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PRESIDENT TRUMP鈥橲 LIST OF
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POTENTIAL SUPREME COURT
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NOMINEES, YOU WERE ONE OF 20 OF
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THEM.
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AMAZING, CONGRATULATIONS TO GET
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ON THAT LIST.
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IS THIS SOMETHING YOU WOULD LIKE
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TO DO, BECOME A SUPREME COURT
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JUSTICE, SENATOR?
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>> WELL, THANKS, MARIA, FOR
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THAT.
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THAT鈥橲 PRETTY FAR DOWN THE ROAD.
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I鈥橫 RUNNING FOR RE-ELECTION.
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THERE鈥橲 NO VACANCIES CURRENTLY.
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I THINK MORE IMPORTANTLY THE
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LIST OF VERY DISTINGUISHED
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CONSERVATIVE JURISTS SHOWS THAT
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THE PRESIDENT IS COMMITTED IN
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HIS SECOND TERM TO CONTINUING TO
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PUT GOOD, SOLID CONSERVATIVE
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JUDGES ON THE FEDERAL COURTS.
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AND IT鈥橲 A REAL HONOR TO BE
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AMONG SUCH DISTINGUISHED JURISTS
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ON THAT LIST.
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AND I KNOW THE PRESIDENT IS
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FULLY COMMITTED TO MAKING SURE
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THAT WE CONTINUE TO HAVE JUDGES
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ON OUR COURTS WHO UNDERSTAND
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THEIR ROLE IS NOT TO MAKE THE
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LAW BUT TO APPLY THE LAW.
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MARIA: AND MEANWHILE, YOU鈥橵E
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GOT YOUR JOB TODAY, TRYING TO
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HELP THE AMERICAN PEOPLE.
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LET ME GET YOUR TAKE ON THIS
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REPORT THAT WE鈥橰E GETTING THAT
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AT 11:00 A.M. EASTERN THIS
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MORNING 50 OF 50 MEMBER GROUP OF
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DEMS AND REPUBLICANS WILL
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RELEASE A $1.52 TRILLION
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STIMULUS PLAN TO BREAK THE
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STALEMATE ON THE CORONAVIRUS
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RELIEF.
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IS THAT HAPPENING THIS MORNING
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AND WHAT WILL IT CONTAIN,
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SENATOR?
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>> WELL, THE REPORTS I鈥橵E SEEN,
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MA HI YA, IT鈥橲 GOING TO CONTAIN
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A LOT OF THE THINGS WE AGREED
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UPON LAST WEEK, LIKE EXTENDING
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LOANS TO SMALL BUSINESSES THAT
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ARE IN THE MOST TROUBLE BECAUSE
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THEY鈥橰E IN HARD-HIT INDUSTRIES
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LIKE RESTAURANTS, TRAVEL,
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TOURISM, SO FORTH, HELPING OUR
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SCHOOLS REOPEN OR STAY OPEN
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SAFELY, PROVIDING MORE MONEY FOR
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VACCINES.
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I鈥橵E SEEN REPORTS THAT THERE
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COULD BE A NO STRINGS ATTACHED
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BAILOUT OF HUNDREDS OF BILLIONS
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OF DOLLARS FOR STATES AND
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CITIES, NOT RELATED TO
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CORONAVIRUS, BUT TO THEIR
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LONG-STANDING FISCAL
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MISMANAGEMENT.
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I THINK THAT鈥橲 A NONSTARTER FOR
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MOST AMERICANS.
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THOSE STATES AND THOSE CITIES
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REALLY NEED TO GET THEIR OWN
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HOUSE IN ORDER, THEY SHOULDN鈥橳
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BE COMING WITH AN OPEN HAND TO
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CONGRESS, USING THIS PANDEMIC AS
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PRETAX FOR A -- PRETEXT FOR A
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BAILOUT.
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WE鈥橪L SEE WHAT THE HOUSE BILL
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PROPOSES.
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I THINK HUNDREDS OF BILLIONS OF
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DOLLARS OF A NO STRINGS ATTACH
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BAILOUT FOR CITIES AND STATES
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THAT HAVE HAD FISCAL ISSUES WILL
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BE A NONSTARTER FOR MOST
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AMERICANS.
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MARIA: THANK YOU SO MUCH, SIR.
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