Former Vice President Mike Pence delivered a significant address to Chinese and American business leaders at a chamber of commerce gathering, setting the tone for future U.S.-China relations.
According to Fox News, Pence expressed support for President-elect Trump's proposed tariffs on China while cautioning against allowing the relationship between the two nations to deteriorate into enmity.
During his Tuesday night speech at the U.S.-based China General Chamber of Commerce, Pence emphasized the necessity of maintaining a delicate balance in handling relations with Beijing. He acknowledged the challenges posed by China's trade practices while advocating for a measured approach that combines firmness with diplomatic engagement.
The timing of Pence's address holds particular significance as it follows Trump's recent announcement of planned tariffs on multiple nations. The president-elect's proposal includes a 10% additional tariff on Chinese goods, alongside 25% tariffs on imports from Mexico and Canada. These measures are primarily aimed at addressing border control issues and combating illegal fentanyl trafficking.
The proposed tariffs have sparked concerns among economic experts and business leaders about potential impacts on both economies. According to the Tax Foundation's analysis, previous tariff policies under the Trump administration resulted in approximately $80 billion in new taxes on Americans during 2018 and 2019, affecting products worth $380 billion.
Pence, speaking directly to these concerns, addressed the business community's apprehension about potential economic repercussions. He acknowledged the short-term challenges while emphasizing the long-term benefits of taking a firm stance against China's trade practices.
Pence, drawing from his experience as vice president, offered insight into Trump's diplomatic approach. He emphasized that the ultimate goal of the tariffs extends beyond mere economic pressure, aiming instead to foster improved relations through reform and constructive action.
The former vice president shared his perspective on Trump's negotiation strategy, stating:
The threats of additional tariffs on China and on other nations are not a bluff. I believe with wise choices that look to the future, America's relationship with China can ultimately improve – not in spite of President Trump's tough approach to China, but because of it.
Current trade policies, maintained largely by the Biden administration, have resulted in active tariffs totaling $79 billion. These measures translate to an average annual tax increase of $625 per U.S. household, according to available data.
Pence delivered a crucial message about maintaining perspective in U.S.-China relations, emphasizing the distinction between rivalry and enmity. He stressed the importance of finding common ground while addressing legitimate concerns about trade practices and intellectual property theft.
In his address to the gathered business leaders, Pence delivered another significant statement:
China is our rival and our economic adversary – but China must not become our enemy.
The former vice president's remarks reflect a nuanced understanding of the complexities involved in managing U.S.-China relations, particularly as Trump prepares to return to the White House.
Former Vice President Mike Pence addressed the U.S.-based China General Chamber of Commerce on Tuesday night, offering support for President-elect Trump's proposed tariffs while advocating for a balanced approach to U.S.-China relations. The speech comes at a crucial moment as Trump prepares to implement new tariff policies affecting China, Mexico, and Canada, with a specific focus on addressing border control and fentanyl trafficking issues.