Bob Lighthizer: ‘Bidenomics’ Translated into Chinese Means ‘Surrender’

INGRAHAM Joining me now ░░░░░░░░ Bob Lighthizer former U ░░░░░░░░ Trade Representative under President ░░░░░░░░ Bob just days ago ░░░░░░░░ Biden said that we ░░░░░░░░ not looking for a ░░░░░░░░ with China we re ░░░░░░░░ for a rational relationship ░░░░░░░░ have with China Your ░░░░░░░░ LIGHTHIZER Well I mean ░░░░░░░░ of all I think ░░░░░░░░ s really important what ░░░░░░░░ do and that is ░░░░░░░░ you before we have ░░░░░░░░ discussion we ve got ░░░░░░░░ remind ourselves just how ░░░░░░░░ an adversary China is ░░░░░░░░ want to be number ░░░░░░░░ in the world They ░░░░░░░░ the biggest army the ░░░░░░░░ navy they re militarizing ░░░░░░░░ South China Sea they ░░░░░░░░ being they re they ░░░░░░░░ they re they re ░░░░░░░░ re building military outposts ░░░░░░░░ Cuba In the last ░░░░░░░░ weeks they ve we ░░░░░░░░ had two U S ░░░░░░░░ arrested for espionage for ░░░░░░░░ They ve had warships ░░░░░░░░ of Alaska So you ░░░░░░░░ to remind yourself first ░░░░░░░░ we are dealing with ░░░░░░░░ you do that so ░░░░░░░░ Secondly we ve got ░░░░░░░░ remind ourselves that they ░░░░░░░░ been waging an economic ░░░░░░░░ against the United States ░░░░░░░░ at least the last ░░░░░░░░ decades probably the last ░░░░░░░░ or four and they ░░░░░░░░ been winning So the ░░░░░░░░ that we should do ░░░░░░░░ to to to help ░░░░░░░░ out is is is ░░░░░░░░ beyond ridiculous I mean ░░░░░░░░ s two things to ░░░░░░░░ about here One is ░░░░░░░░ have to protect our ░░░░░░░░ but two these massive ░░░░░░░░ deficits that we run ░░░░░░░░ transferring our wealth the ░░░░░░░░ of our children and ░░░░░░░░ grandchildren to China and ░░░░░░░░ re using it to ░░░░░░░░ an army and a ░░░░░░░░ and to build technology ░░░░░░░░ it makes literally no ░░░░░░░░ at all We act ░░░░░░░░ imports from China are ░░░░░░░░ thing Imports from China ░░░░░░░░ wealth for China It ░░░░░░░░ it is it is ░░░░░░░░ the first place Second ░░░░░░░░ I don t know ░░░░░░░░ serious their economic problems ░░░░░░░░ but whatever they are ░░░░░░░░ re their problems they ░░░░░░░░ not our problems And ░░░░░░░░ notion that we should ░░░░░░░░ more trade which really ░░░░░░░░ a bigger trade deficit ░░░░░░░░ China to help them ░░░░░░░░ is Madness You know ░░░░░░░░ me just make one ░░░░░░░░ point INGRAHAM Yeah LIGHTHIZER ░░░░░░░░ economy their economy has ░░░░░░░░ tenfold in the last ░░░░░░░░ years and almost all ░░░░░░░░ that growth or a ░░░░░░░░ part of it is ░░░░░░░░ transfer trillions of dollars ░░░░░░░░ wealth transfer and technology ░░░░░░░░ from the United States ░░░░░░░░ I mean look they ░░░░░░░░ handle their own problems ░░░░░░░░ the heck they want ░░░░░░░░ we need to do ░░░░░░░░ to start strategic decoupling ░░░░░░░░ back to balanced trade ░░░░░░░░ ll sell them their ░░░░░░░░ and we ll buy ░░░░░░░░ same amount from them ░░░░░░░░ they sell to us ░░░░░░░░ two or three times ░░░░░░░░ much And then we ░░░░░░░░ got to INGRAHAM Bob ░░░░░░░░ do you think LIGHTHIZER ░░░░░░░░ our technology INGRAHAM Bob ░░░░░░░░ do you think about ░░░░░░░░ states having to step ░░░░░░░░ to say no more ░░░░░░░░ purchases in Texas or ░░░░░░░░ North Dakota or the ░░░░░░░░ government doesn t seem ░░░░░░░░ have a problem with ░░░░░░░░ I don t think ░░░░░░░░ citizens can go to ░░░░░░░░ and buy land certainly ░░░░░░░░ near military bases correct ░░░░░░░░ LIGHTHIZER They can t ░░░░░░░░ it anywhere And they ░░░░░░░░ t even lease it ░░░░░░░░ government approval It s ░░░░░░░░ s INGRAHAM Yeah LIGHTHIZER ░░░░░░░░ is crazy I m ░░░░░░░░ glad the states are ░░░░░░░░ it But it s ░░░░░░░░ a federal responsibility And ░░░░░░░░ look at things like ░░░░░░░░ There ought to be ░░░░░░░░ vote tomorrow morning just ░░░░░░░░ ban that in the ░░░░░░░░ There s there s ░░░░░░░░ upside to that nothing ░░░░░░░░ downside I it is ░░░░░░░░ of amazing how lax ░░░░░░░░ the current crowd has ░░░░░░░░ on taking on this ░░░░░░░░ threat INGRAHAM Now Bob ░░░░░░░░ you think that in ░░░░░░░░ heaven forbid a second ░░░░░░░░ term it s hard ░░░░░░░░ me even say that ░░░░░░░░ a bailout we could ░░░░░░░░ it a bailout or ░░░░░░░░ or assistance would you ░░░░░░░░ see them justifying Oh ░░░░░░░░ s remove some of ░░░░░░░░ tariffs that you were ░░░░░░░░ your great you know ░░░░░░░░ at USTR trade as ░░░░░░░░ rep you put in ░░░░░░░░ I see them peeling ░░░░░░░░ tariffs back Do you ░░░░░░░░ with me LIGHTHIZER I ░░░░░░░░ completely agree with you ░░░░░░░░ ask me what s ░░░░░░░░ Bidenomics I say I ░░░░░░░░ t know what it ░░░░░░░░ but I can translate ░░░░░░░░ into Chinese and it ░░░░░░░░ surrender So from my ░░░░░░░░ of view it s ░░░░░░░░ is crazy to change ░░░░░░░░ tariffs We ought to ░░░░░░░░ increasing these tariffs we ░░░░░░░░ to be increasing them ░░░░░░░░ so that we get ░░░░░░░░ to a balanced trade ░░░░░░░░ Well Bob I really ░░░░░░░░ your wisdom tonight of ░░░░░░░░ nights Thank you so ░░░░░░░░