not a military solution. what do we mean there is not a military solution? that no one has expressed publicly a obama campaign to end the threat wants and forever? is there not a military solution to the cold war? we're not talking about the soviet union but an obscure third world three shame which we see the project around the region but building this up into what we can stop to find the exact placement me managed to leverage the legitimacy, i don't understand that but that does not seem like a policy the united states is able to carry off come under dry

think it is desirable either. . .

>> sec fire of state, hillary clinton, was at the university of arkansas recently to talk about american leadership during a global economic slow down. she said american engagement abroad is important to future prosperity domestically.

this is half an hour. >> that's a good thought. when stephanie said she'd like me to introdo youduce hillary clinton, i thought, you know, this is not i should be doing. i'm not eloquent enough. we need to pick someone like one of the kids in the clinton school who are young and energetic and probably president clinton is the greatest legacy you're going to leave this city. [applause] then i thought about it, and i thought how do you introduce someone that you've known for 20-plus years? who is a remarkably successful mother, citizen of the united states, former first lady of our state and of the united states, a distinguished senator and now

doing a wonderful job as secretary of state. what adjectives do you use? how do you describe someone like that? so in my simplistic way of looking at things, i have finally figured out at my ripe age of 64 that basically it's the little things and little times in life where you find out about swop's character, so i would like to very quickly relay a story to you that happened 20-plus years ago. being in a small state, and this was the time when you were the first lady of the state, all of us went to christmas parties tact, and hill lair and i were talking, and it was the normal dialogue. what's going on? christmas shopping, that sort of thing, and she said, what have you been doing? i said duck hunting. have you been duck hunting? no. would you like to go, and then the first character trait that i

noted about hillary clinton, she looked at me, and with great hoppestty she said, -- honesty, she said, you are just like all the other men that say to me they are duck hunting, and do i want to go, but no one asks me. i thought, okay. honest, straightforward, you know, 24 is a fact -- this is a fact, and this is what it is, so the next monday morning, i picked up the phone, and i called her, and i said, do you want to go duck hunting? [laughter] she said, yeah. i'll go. she said, what do i need to do? i said wear warm clothing. i've got everything else, and get a hunting license. she said, fine. [laughter] i thought, well, you know, another trait comes out. a person with great gusto, willing to take a risk, never been hunting before, doesn't know much about it, but willing to take a chance to do this. as i got older, i also

understand that what she was also saying is that, you know, women can do anything men can do and probably better. [laughter] [applause] on wednesday, i got to the office, and there was a note to cull her, and i thought, here it comes. you know, i can't go, something's come up and that sort of thing. said how are you doing? the discussion was saturday or sunday, and she said saturday, and she said something's come up. i thought here it comes, i can't go. it was my mother calls me and wants to go shopping that day. can i go sunday? i said, no, i'm sorry, i got other plans on sunday. she said, okay, i'll tell mother i can't go. i thought, well, here's a person whose word is her bond. she said she'd do it, she's going to do it, and that was it.

saturday morning my father who next to my mother idolized her more than anybody in the world, our -- showed up with john jones at the governor's mansion, and she was drinking coffee at 4:30 in the morning, and i said, you want to go? he looked at me like i'm not that dumb. i'm not going. [laughter] hillary jumped in the car, and we went. i said, okay, good sport. we're going to go. we get down to the little place, and it's like a cold day, and i put her in a pair of my waders, obviously a little bit too big for her. she wears my mother's old hunting coat that is old, and i have to duct tape the top of it to keep it together, a hat, and we go out.

now, hillary clinton, to my knowledge, has never shot a gun, never held one or looked at one, so we go over rudimentary instructions on how to do this, and we go out, and i thought, you know, she's really doing well, but it's cold, and never complains, and the first duck comes in, and very uncharacteristically of john jones, she shoots one time, kills one duck with one shot. that's it. [laughter] [applause] next character trait comes out. she was appropriately surprised. [laughter] she didn't brag. she didn't say this is easy. you know, i'm 5 woman, i can do this without trouble. she was humble, and then she

became very realistic about the situation she found herself in because the next thing she said is, "my goodness, what am i going to do? chelsea's going to kill me when she finds out what i've done." [laughter] i thought, okay, she can assess the situation correctly. [laughter] not to make it sound like she's perfect in everything she did. there was one small problem we had coming back in, and that was we were going to register our ducks. she forgot to bring her license. [laughter] it is -- my thought process is the traits map -- manifested, this made her a great person and keep bringing her forward. arkansas is lucky to have had her and still have her as one of the people that have been here.

we are the better for it, and i think she is better for having been here also want thank -- also, thank you. hillary? [applause] >> thank you. [applause] oh, my goodness. [applause] oh, deen, that story brought back so many extraordinary memories of that cold december day standing in the water and in the waders, and i'll just add a few little details. [laughter] i didn't think it was uncharacteristic at all when they say go ahead, you take the first shot. [laughter]

[applause] the pressure was building. [laughter] it was really lucky. and it was a banded duck which i learned later was quite significant. we had a wonderful time because next to his wonderful wife, i adored frank. i thought he was one of the finest, most extraordinary men i have ever met before or since, and i knew that he would watch out for me a little bit with both dean and dr. jones, so we had a good time that day, but then i got back to the governors mansion, and since i had gone, and bill said, well, she went

duck hunting. she met me at the back door, and she said ring mom, did you kill a duck? i said, yes, i did, i killed a duck. she got big tears in her eyes and goes mommy, that duck could have been some little duck's mother. [laughter] it was surely before christmas, but it took, you know, a day or two before she got over that, but it is a wonderful memory that i cherish as i do so many memories from our extraordinary times and friendships and experiences here in arkansas, and i want to thank deen and the

entire family because jr. generous support of the lecture series and this school has been so welcome and we are deeply grateful, and i know, too, that frank who was sighing minded and public spirited would have loved sitting in the front row right next to you, and he'd had 100 questions for whoever was standing up on this stage. i also want to thank stephanie, not only for welcoming us, but for everything you've done to make the presidential center a success, stephanie. you've been a real solid rock through all the years. [applause] i also want to thank our wonderful lifetime friends, bruce lindsey, and skip rockford for their leadership and the entire team here at the foundation, and the faculty, staff, and especially the

students at the clinton school. there are so many familiar faces here in the audience, and i am grateful for each and every one of you. i want to just mention a very few -- i want to mention dail and betty bumpers. betty bumpers was such a great first lady for the state of arkansas in every way, and -- [applause] just the other day, betty called bill and said how worried should we be that the economy and all these cuts will undermind immunization efforts for our children? she has been consistent working on taking care of our children for, long before i knew her, and ever since i have been honored to know her, and, dale, i'm pleased to see you looking as handsome and roguish as usual.

[laughter] [applause] if you have not seen the david prier show, it's a spectacle. they have been our friends and our colleagues through so many years, fayetteville to little rock and washington and back. jim guy, it's wonderful you're here, and carroll tucker forman, welcome back to arkansas, and thank you for the great battles you have waged on behalf of our food and nutrition and our children's health over all these years, and bill bowin who many of you know who is a great business leader over the years in arkansas, but i knew him because occasionally he'd let me come teach at the first methodist church sunday school class where he would quietly but effectively critique everything

i was saying about -- [laughter] the lesson of the day, and there are so many others who served in arkansas and served in washington, in bill's administrations, and it's great to see you, and i'm looking forward to having time with all of you over the next two days. before i begin, i want to say a few serious words about events base we had a very significant event in yemen earlier today when we learned of the death of anwaralawaki a chief propgannist of al-qaeda's most dangerous affiliate in the arabian peninsula. he attempted to bring down u.s.

cargo planes in tween. he took a leading role in those plots and in spreading an ideology of hate and violence, but today, like bin laden and so many other terrorist leaders who have been killed or captured in # recent years, he can no longer threaten america, our allies, or peace loving people anywhere in the world. today, we are all safer, but we recognize that the threat remains, that although chi da does maintain -- al-qaeda does maintain the ability to plan and carry out attacks, and that our vigilance is required, so we will, along with our partners and allies, continue to ratchet up the pressure, continue pursuing a comprehensive approach to counter terrorism, and work to deny al-qaeda and its affiliates

safe hatch anywhere in the world. it seems along way from this absolutely glorious day here at the library after dedicating the bridge and wetlands, but it is what i spend a lot of my time working on and doing every day, and it's such a pleasure for me to be back here to have a chance to wops again see old friends and talk about what's going on in our lives, but also to remember that we are interconnected in ways large and small to people very far from where we are today. i remember the first time i flew into the little rock airport, all those years ago. bill picked me up, and drove me around little rock, then up through the arkansas river valley and the mountains to hot

springs. just as i had been told by arkansas' biggest booster -- [laughter] who i first laid eyes on as he was saying not only that, we grow the biggest watermelons in the world. [laughter] i was very taken with this beautiful state and the hospitality and welcome that i received. every time i come back, i get that same feeling and the years we spent here raising our daughter and being involved in the public schools. chelsea saw her 1st grade teacher earlier today, just brings back a flood of memories, so i want to thank little rock and arkansas for everything that you have done and continue to do for me and for our family.

i'm very proud of every part of the center, the library and the school, and this year the clinton school students are completes more than 30 international public service projects in 19 countries on all six continents. i'm very proud of what you are doing. [applause] i also know from my extensive travels on behoove of our country -- behalf of our country how essential has to americans keep reaches out and that we keep opening doors and searching for better understanding, so what you are doing a absolutely essential, and it embodies what bill and i have tried always to keep at the center of our work that the point of public service is to produce results. as bill said earlier today at

the bridge dedication, it's a very simple test. are people better off when you stopped than when you started? that's not just true for elected office, but it's true in the business world. it's true in the non-for-profit world, the academic world. are children better off? will they have a better future? are we coming together or dividing? we have a deep speedometer with -- responsibility with the clinton school that we care very much about, and i've been looking forward to being here with you. now, one might think, well, what does any of this mean for a secretary of state because i'm well aware that with what's going on in our economy and the daily struggles that so many arkansasians and americans are facing, it's hard to shift focus to something happening in the couple of yemen or afghanistan

and pakistan or china or brazil, and there are some, and i hear their voices who argue that the united states can no longer afford to be a global leader, that we should pull back from the world and lower our ambitions, but i am here today to tell you that nothing could be further from the truth. [applause] the fact is -- [applause] number one, we have no choice. the world is on our doorstep whether we invite it or not, and number two, we can want afford -- cannot afford not to be engaging. whether it's opening new markets for american businesses or breaking up terrorist plots and bringing the wars of the last decade to a successful close, our work around the world holds the key to our prosperity and security right here at home.

now, there are many examples of this and some of them are controversial, but take, for example, the pending free trade agreement with south korea. it is expected to create 70,000 american jobs if congress approves it including thousands right here in arkansas because tariffs on most agricultural exports are phased out. that will make a real difference in people's lives. from the first days of the obama administration, we have worked to renew america's global leadership. because we want it to deliver more for the american people. for the last decade, our foreign policy has been focused on places where we've faced the greatest dangers and responding to threats will always be central to our foreign policy, but it can cannot be our foreign policy. if all we do is focus on the

threats and the dangers, we will miss the opportunities, and in the decade they'd ahead, we need to -- decade ahead, we need to focus just as intensely in the places where we have the greatest opportunities whereas in the opportunities we have faced the greatest dangers. now, what that means for me every day is looking for ways to support the so-called arab awakening, the transition sweeping across the middle east and north africa. they are some of the most consequential historic changes of the last many decades, certainly since the fall of the soviet union. it also means renewing america's preimminent role in the asia-pacific, that is for our future, the most consequential region of the world. it means elevating the role of economics in foreign policy, the most vibrant source of our power and a vital part of driving our economic recovery right here at

home. it means working to empower women and girls around the world. a piece of unfinished business of humanity. it means changing the way we do foreign policy, so we are using 21st century tools and harnessing what i call smart power to get results. we are working on all 6 these fronts and more, but i deeply understand why so many americans today are worried about what lies ahead for them, for their families, and for our country. some even wonder, looking at the landscape of problems here at home and abroad, whether america is still up to the job well, we have lived through times of anxiety before. i remember when i was growing up, the greer was we were

falling behind the soviets in technology, and ambition. i remember my 5th grade teacher saying that we needed to all study mathematics so that the russians wouldn't get ahead of us and that president eisenhower himself expected us to learn math. that made a big impression on me. i tried, and i hoped the president would give me some credit for effort. [laughter] when i started practicing law here in limit rock, our -- little rock, our country faced stagflation and oil shocks. when i moved with bill and chelsea to washington, he was inaugurated president, it was outsourcing the apparent decline of american competitiveness and a budget deficit which at the time seemed unbelievable, about what? $350 billion. each time we rose to whatever challenge faced us, american

entrepreneurs and innovators proved the nay sayers wrong. we outworked. we out built, and we simply out competed every rival. when it matters most, we put the common good first ahead of ideology, party, or personal interest. our people and generations of american leaders built a resill yept economy -- resilient economy, a global architecture of institutions and norms that protected not just our interests, but the interests of all people who wanted a better life in a rules based international order. that was exceptional leadership from an exceptional country. i remember when bill and i went to east asia, when he was goff of governor. it was the first trade mission ever to places that seemed very

far away from arkansas like japan and congress congress. the people -- hong kong. the people in asia didn't see an america in trouble, but a beacon of liberty, a superrer power, and a -- superpower and a dynamic market driving growth. lucky for us, they saw lots of arkansas soybeans they wanted to buy. now, that view of america was right then, and it's right now. in the last decade, we've lived through terrorist attacks, two long wars, and a global financial crisis. through it all, america remains an exceptional country. the sources of america's greatness are more durable than perhaps many realize. yes, our military is by far the strongest. our economy is by far the largest in the world, but our workers are still the most

productive and our universities are the gold standard. our core values of equality, tolerance, opportunity are on inspiration to people everywhere. so, yes, we do have real challenges, but there's no doubt we have the capacity to meet them. ..

[applause] >> and this summer he delivered the keynote address at the first ever china business and economic summit at the university of central arkansas. students across arkansas are working to help solve problems like in bangladesh where they are supporting a farmer to farmer program that uses new technologies and relationships to boost food production. and to promote american business. more investment in arkansas already directed more than 33,000 jobs but i think that is just the beginning of what is possible. so we are making it a prayer before our ambassador to help american businesses to work with governors and mayors like

governor beebee and patrick hayes who have job-creating investment back here doing what we do best making things and exporting those. we are also working to bring down other countries' internal trade barriers that denied the companies to compete fairly including abusive regulatory regimes, currency manipulations and labor and environmental standards and we are standing up for the intellectual property rights of american innovators. too often under attack nearly everywhere in the world come and to build up tomorrow's trading partners and create future opportunities for exporters we are changing the way we do international development and focusing on investment rather than aid. so everything i know tells me that we have the talent and the ingenuity and the work ethic to come through these difficulties that nothing is preordained.

no outcome is inevitable. leading the world in the years ahead will take the same hard work, clear which places and commitment to share sacrifice and service that built the country's greatness in the first place and ultimately that responsibility doesn't rest on the shoulders of a president or secretary of state or the governor or senator or a mayor it's really an obligation that belongs to all americans. we have to step up. we have to improve our own effort. we have to find both the common ground and the common good the house united us in the past. so late last year i held a town hall meeting in kosovo where american middle the difference to the future of those people who survived the brutal effort

as ethnic cleansing. if you ever go there is a very large statue as a way of thanking him for his leadership next to the statue there is a shopping area and somebody started something called the hillary store where the silver a nice clothing but no pantsuits. [laughter] so i went into the store and i said my goodness i'm surprised why on earth do you need a hillary store and the woman whose store it was proudly told me they didn't want bill to get lonely. [laughter] so leader of the town hall meeting a man stood up and thanked me for everything america had done for his country. like in so many places in the world he and his neighbors continued to see american labor

as a linchpin to their own future success and he asked me will you help us so we can finally see the biggest and brightest and most beautiful part of democracy and the new economy and the great american nation assists us in our struggle to restore our hope. just as in the times past that is what america still means, the countless people around the world. opportunities, responsibility, community and today it is our chance and our great privilege to live up to that will earned a reputation of the past to make the hard choices here at home and abroad and keep the promise of america alive and we have to keep putting people first and

objection. mr. schumer: mr. president. the presiding officer: the senator from new york. mr. schumer: i rise today in strong support of s. 1619, the currency exchange rate oversight reform act. first, i want to say this bill is the culmination of years of hard work and collaboration between democrats and republicans. i'd like to thank senator lindsey graham of south carolina. he and i have been partners in this endeavor for over five years. we have traveled to china together. we have worked long and hard to troy and gain -- try and gain some fairness in the way china treats american industry, particularly in regards when it comes to currency. i'd like to thank senator sherrod brown and senator debbie stabenow. both made very valuable additions to the proposal on our floor today, and in fact senator brown is the lead sponsor of this legislation because of the

strong and good work that he has done. and they both have worked long and hard, realizing the industries in their state are at such a competitive advantage. i'd like to thank my colleague, jeff sessions, as well, who has been one of our partners and leaders on this legislation. over the last several months, and lead sponsors. in addition, bob casey, olympia snowe, jeff sessions, kay hagan and richard burr, as well as dozens of other cosponsors on this bill for their work on this issue for many years. i also want to particularly express my appreciation to chairman max baucus and former ranking member of the finance commit c work on the -- on currency manipulation. we believe that our bill is w.t.o.-compliant, and it is in part because senators baucus and grassley looked at our original bill and worked with us on suggestions as to how to change it to make it just as effective but within the rules of w.t.o.

mr. president, today we have an opportunity to help put middle-class americans back to work and, amazingly enough, in a bipartisan way. today we stand together to defend american jobs against market-distorting, job-killing, exchange rate policies that subsidize foreign manufacturers at the expense of american manufacturers. these currency policies artificially raise the price of u.s. exports and suppress the price of chinese imports into the united states. undermining the economic health of american manufacturers and their ability to compete at home and around the globe. china is by far, by far the biggest exploiter of predatory currency practices, but our bill doesn't target china or any one country. our bill rather says that there

will be consequences for any country that engages in currency manipulation to gain an unfair advantage over american businesses. mr. president, it's been ten years since china joined the w.t.o. in those ten years, the economic policy institute estimates that 2.8 million american jobs were lost or displaced in manufacturing and other trade-related industries as a result of increased trade with china and the chinese government's manipulation of its currency. my state of new york has suffered some of the biggest losses with over 161,000 jobs lost or workers displaced since 2001. accession to the w.t.o. was supposed to bring china's policies in line with global trade rules meant to ensure free but fair trade. instead, china has single mindedly flouted those rules to spur its own economy and

export-oriented growth at the expense of its tradings partners, most of all the united states. our economic relationship with china needs a fundamental change. it's not just in currency, although that's the number one issue. on issue after issue after issue, whether it's poaching intellectual property, unfairly and illegally subsidizing chinese businesses, monopolizing rare earths, not allowing american companies to compete in china, on issue after issue after issue, china is mercantilist, plain and simple. they use the rules of free trade when it benefits them and spurn the rules of free trade when it benefits them, and for years and years and years, americans have

grimaced, shrugged their shoulders, but never done anything effective to in large measure stop the chinese pursuit of unfair mercantilism. six years ago, i was in upstate new york and a steel manufacturer told me, mr. president, that they could compete against chinese steel just fine, even with labor costs being lower in china, except for the fact that china manipulated its currency and it gave chinese steel imports a 30% to 40% advantage. the owner of the company, 300 good-paying jobs, pleaded with me to do something. i happened to speak to senator graham, and he was finding the same thing with industries in his state of south carolina, and we began our crusade to get china to behave fairly. at first, people didn't even

accept the fact that currency manipulation was wrong and harmful to america. i remember at one point within a short period of time, both "the new york times" editorial page, a decidedly liberal editorial page, and "the wall street journal" editorial page, a decidedly conservative editorial page, both said china shouldn't have to let its currency flow -- float, even though it's a tenant of free trade. bretton woods said the way to correct large imbalances in free trade is to let a currency adjust by floating. well, we spent years convincing america, convincing our colleagues that this manipulation of currency dramatically hurt america and was unfair and against all tenets of free trade, and we

have achieved that goal. now the editorials may pick reasons why they don't like our particular bill, but they say oh, yes, we have to deal with chinese currency manipulation. but when you ask people who say don't do your bill, deal with it a different way, we say how? no one has another answer. now, it was true that our initial bill, introduced five years ago, was a blunt instrument to bring attention to the issue. it was our hope then not to pass the legislation. in fact, we allowed cooling off period after cooling off period in the legislation, but rather just simply to get the chinese to act. but about three or four years -- after three or four years, senator graham and i became convinced that china would not act. when there was real pressure, they might move the currency a

little bit, but then they would back off. and the same proved true in other areas where china unfairly treats american industry. and so we came to the conclusion that legislation was the only answer, no one having a preferred or even seemingly possibly effective alternative. and so we worked, as i said, with senator baucus and senator grassley and came up with a proposal that we believe meets w.t.o. rules, and then because senator stabenow had worked long and hard on this issue, along with senator collins, we combined her proposal and our proposal -- hers was mainly focused on the banking committee, commerce department, ours on treasury, and then senator brown and senator snowe

a year or two ago had an additional proposal, and we have combined all of these proposals into one workable bill that will finally get fairness for american companies. over the past six years, we have been sending a message to the chinese government about their exchange rate policies, every treasury secretary since we began this crusade said you know what? let me just talk to the chinese. i can bring reason to them. and they did it with the best of intentions and the best of hopes, and every treasury secretary, casting no aspersions on any of them because the fault was china's, not ours, couldn't get progress at all. so it's down to this, mr. president. if we want american companies to have a fair chance of competing,

this is the solution. not everyone will agree with every jot and tittle in this bill, but i think the vast majority of my colleagues will agree with its thrust and the need to do more than we have been doing, and for that reason, i am hopeful that large numbers on both sides of the aisle will vote for this motion to proceed so we can begin debating this measure and listen to some amendments if people have ideas as to how to change it. let me go over our bill. our bill's intended to give the administration additional tools, this administration are ready to use if this country fails to take steps to eliminate currency misalignment. the bill would prohibit the federal procurement of products or services from a country that fails to adopt appropriate policies to take identifiable

actions to eliminate currency alignment. our bill also uses u.s. trade law to counter the economic harm to u.s. manufacturers caused by currency manipulation. the artificially low value of the yuan, economists estimate it's anywhere from 20% to 40% less than it should be. amounts as is well known now to a subsidy on chinese exports and a tariff on american exports to china and other countries. under existing trade laws, if the commerce department and the international trade commission find that subsidized imports are causing economic harm to american manufacturers and workers, the administration must impose duties on those imports to offset or counterveil the benefit conferred on foreign producers and exports by government subsidies. congress already has the authority under u.s. law to investigate whether currency

undervaluation by a government provides a countervailable subsidy, although it has failed to do so despite repeated requests by industry after industry to investigate. our bill specifies the applicable investigation initiation standard, so commerce can't just turn its back on these companies, and it will require commerce to investigate whether currency undervaluation by a government provides a countervailable subsidy if the u.s. industry requests the investigation and provides the proper documentation. our bill also clarifies that commerce may not refuse to investigate a subsidy allegation based on the single fact that a subsidy is available in circumstances in addition to export. mr. president, our bill also uses the term "currency miss alignment" but it's not just a term. administrations, both bush administration and the obama administration, have, to the amazement of many americans,

refused to label china a currency manipulator but manipulation is a subjective standard of involving intent. what we do is refine that concept and go for misalignment. we believe misalignment is the appropriate standard. that is not subjective. it's not saying why it's misaligned or how or do oh did it, it's a narrower standard, it's a standard that is harder to wriggle out from under if somebody -- any government official is intent on not enforcing the rules that we think necessary to get the chinese to act. so the bill is carefully thought out. the decimation of our middle class, our manufacturing sector, and the american economy as a whole is due in part to developing countries like china employing currency manipulation and other aggressive mercantilist tactics

to tilt the field so much in their favor. in the absence of action by the administration, we have a responsibility to protect the interests of american workers and companies. now, one of the questions that is raised is, is our bill w.t.o. compliant? and we believe it is. we have worked hard taupe sure it is. -- hard to ensure it is. the bill provides the president with flexibility to waive any consequences that might have an adverse impact on the u.s. economy and the bill also continues to allow the u.s. government trade officials to do their job and make the decisions on the basis of facts argued before them. we have talked to many experts in the field, and they, too, believe that our bill is w.t.o. compliant. now, what do the critics say? no one criticizes the idea that china manipulate -- has manipulated its currency. no one criticizes the thought,

the actuality that china minutes its currency and almost everybody thinks not enough is being done. the main argument against our bill is not the bill itself. but critics of the bill worry that, oh, maybe this could start a trade war with china. well, i have news for them: we're already in a trade war with china, and we're losing. china by its mercantileist policies on currency above all but on rare earth and intellectual property, on sub disiddation of homegrown industries, exclusion of american exports where we might have advantage, they're already engaged in a trade war and the result is that millions of americans don't have jobs that should. the result is that hundreds of billions of dollars flow out of america into china.