🚨SHOCKING: Senator @ChuckSchumer passionately advocates for a 27.5% tariff on China in 2005! "It says to the Chinese that their unfair trade policies have got to end. The Chinese have enjoyed a yuge trade surplus with the U.S. Every year it gets larger and larger." "Much of that trade surplus is because the Chinese don't play fair. They don't let our goods into their country. I can tell you company after company in New York who cannot sell goods in China or can only sell them under impossible conditions." "The Chinese make no effort to prevent the ripping off of our intellectual property. These are our crown jewels. The thinking. The great creativity. The great entrepreneurialness of the American business community is just taken, and they shrug their shoulders." "And worse of all, the Chinese pile on and add unfair rules that violate free trade. And at the top of that list is the fact that the Chinese peg their currency abnormally low, so their exports get a 27% advantage here in the U.S. and our imports get a 27% disadvantage when sold in China. Every tenet of free trade, if you believe in it, says they should not peg their currency." "What does this mean for America? It means a yuge job loss. We have suffered dramatically in manufacturing jobs, service jobs, and other jobs. It means we have a huge trade deficit. It means the dollar sinks to abysmally low levels, threatening our wealth, and it creates chaos in the whole world trading system." "We are fed up, Mr. President. How can we stand by as millions of American workers lose their jobs? As thousands of American companies can't compete fairly? As our country as a whole has wealth drained from it?" "What we seek is fairness in trade. The Chinese do not play by the rules. We have talked and talked and talked to them. The time for action is now. If not now, when? If not us, who? Millions of American workers and thousands of American businesses look to us to set things right, and today, by passing the Schumer-Graham amendment, we can do that." Tagging @SenSchumer — he’ll see your comments!