{"id":1102204,"date":"2021-12-09T11:13:34","date_gmt":"2021-12-09T16:13:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1102204"},"modified":"2021-12-09T11:13:36","modified_gmt":"2021-12-09T16:13:36","slug":"tom-cotton-marks-20-years-of-chinas-great-hollowing-of-u-s-industrial-base-economy-and-working-class","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tom-cotton-marks-20-years-of-chinas-great-hollowing-of-u-s-industrial-base-economy-and-working-class\/","title":{"rendered":"Tom Cotton Marks 20 Years of China&#039;s &#039;Great Hollowing&#039; of U.S. &#039;Industrial Base, Economy, and Working Class&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftom-cotton-marks-20-years-of-chinas-great-hollowing-of-u-s-industrial-base-economy-and-working-class%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1102204&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-1232578100-1-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">Sen. Tom Cotton (R-AR) on Wednesday marked the 20th anniversary since China was allowed to join the World Trade Organization (WTO) and begin the \u201cgreat hollowing\u201d of America\u2019s \u201cindustrial base, economy, and working class.\u201d<\/p>\n<p>In a speech on the United States Senate floor, Cotton blasted Republican and Democrat lawmakers like President Joe Biden who, 20 years ago, <a href=\"https:\/\/www.breitbart.com\/politics\/2020\/09\/11\/joe-biden-defends-chinas-entering-wto\/\">supported<\/a> China\u2019s entering the WTO and normalizing U.S. trade relations with China.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cThere was great rejoicing across Washington by lobbyists, politicians, and bureaucrats, and for that matter among corporate CEOs and Wall Street bankers, and, perhaps most of all, the communists in Beijing,\u201d Cotton said of China\u2019s entering the WTO in 2001:<\/p>\n<blockquote readability=\"23\">\n<p><strong>But for Americans in the heartland in places like Arkansas, China\u2019s entrance into the WTO was nothing to celebrate<\/strong>. That was the moment their leaders left them exposed to the predations of the Chinese Communist Party. [Emphasis added]\n<p><strong>Millions of Americans lost good-paying, blue-collar jobs to the \u201cChina trade shock\u201d in the years that followed. Countless small towns, main streets, and working-class neighborhoods were gutted and boarded up<\/strong>. Michigan lost 24 percent of its manufacturing jobs, Ohio lost 27 percent of its manufacturing jobs, and my home state lost 26 percent of all of our manufacturing jobs since China joined the World Trade Organization. <strong>Families were shattered and communities crumbled. The opioid crisis then killed thousands of those who were left behind<\/strong>. [Emphasis added]\n<p><strong>Twenty years ago was nothing less than<\/strong> <strong>the beginning of the Great Hollowing of our nation\u2019s industrial base, economy, and working class<\/strong>. [Emphasis added]\n<\/blockquote>\n<p>Cotton noted how it was U.S. lawmakers and WTO members who have enabled China\u2019s massive economic growth over the last two decades \u2014 becoming the world\u2019s largest exporter and expanding its economy by nearly 1,200 percent. He said:<\/p>\n<blockquote readability=\"14\">\n[China] today makes one out of every four automobiles in the world \u2014 more than the United States, Japan, and South Korea combined. It makes one out of every three merchant ships; in the United States, we make virtually none. In addition, China produces 40 percent of mobile phones, 70 percent of televisions, and 96 percent of shipping containers on which global commerce moves.<\/p>\n<\/blockquote>\n<p>Cotton said China has a \u201cworrisome \u2026 stranglehold over the production of essential materials,\u201d by \u201cproducing more than half of the world\u2019s steel,&nbsp;two-thirds of its active ingredients in our generic drugs, and processes 85 percent of rare-earth elements \u2026 which are used in everything from\u201d smartphones to fighter jets.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>China is also making huge investments in markets like semiconductor production and Artificial Intelligence, Cotton said.<\/p>\n<p>\u201cThe stark fact is that China controls nearly a quarter of global trade,\u201d Cotton continued. \u201cA stunning 70 percent \u2026 seven out of ten counties in the world trade more with China than with the United States.\u201d<\/p>\n<p>Meanwhile, Cotton urged Congress to pass his legislation, the China Trade Relations Act, to eliminate China\u2019s permanent normal trade relations status with the U.S. and to \u201creturn to the pre-WTO status quo that recognized China as a non-market, communist country\u2026\u201d<\/p>\n<p>\u201cIf we do this, we can begin to fix the historic mistake that our leaders made 20 years ago, when they welcomed China into the WTO with open arms and open wallets \u2014 and unleashed that dragon upon the world,\u201d Cotton said.<\/p>\n<p>From 2001 to 2018, U.S. free trade with China has eliminated <a href=\"https:\/\/www.epi.org\/blog\/u-s-trade-deficit-hits-record-high-in-2020-biden-administration-must-prioritize-rebuilding-domestic-manufacturing\/\">3.7 million<\/a> American jobs from the economy \u2014 2.8 million of which were lost in American manufacturing. During that same period, at least 50,000 American manufacturing plants closed down.<\/p>\n<p><strong><em>John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/JxhnBxnder\" target=\"_blank\" rel=\"noopener external\">here<\/a>.&nbsp;<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Tom Cotton (R-AR) on Wednesday marked the 20th anniversary since China was allowed to join the World Trade Organization (WTO) and begin the \u201cgreat hollowing\u201d of America\u2019s \u201cindustrial base, &#8230;<\/p>\n","protected":false},"author":14,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1102204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1102204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1102204"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1102204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1102204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1102204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1102204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}