Rubio's chilling warning: China has weaponized US ‘corporate lust for profits'

Rusty Snippets

Mr Conservative
Staff member
Joined
May 17, 2020
Messages
197
Location
Oklahoma
Florida Republican Sen. Marco Rubio said Wednesday that China has weaponized America's own "corporate lust for profits" against the U.S.

In a Senate Intelligence Committee hearing, Rubio said, "It is time to wake up" and look at corporate America’s reliance on the Chinese Communist Party.

"U.S. corporations are so desperate to have access to the Chinese market that they’ll lead costly boycotts in an American state that passes a law that they don’t like," Rubio said. "American companies have actually fired Americans who live in America for saying or writing something that China doesn’t like."

Rubio pointed to several instances where American businesses fired employees, removed certain articles of clothing from U.S. shelves, and severed ties to other U.S. businesses due to CCP pressure.

The Florida Republican warned that China’s threat to U.S. interests expands beyond corporate control and amounts to the "biggest illegal wealth transfer from one nation to another in the history of mankind."

"The long arm of China is not some futuristic threat, it’s already here," Rubio said. "China is stealing between $300 and $600 billion a year of American technology and intellectual property."

The senator said that security concerns coming out of China amount to more than cyber and technological-based threats. China's influence affects Hollywood, university research, industrial policies, and startup companies, he warned.

"Today the Chinese Communist Party has more control over what Americans can say, what we can hear, what we can read, what we can watch than any foreign government has ever had in our history," Rubio told lawmakers.

The Florida senator introduced two bills Wednesday that seek to bar U.S. banks from lending to projects controlled by the Chinese government and to otherwise counter CCP influence in the U.S.

The Trump administration took steps to counter threats coming from China and limited how Chinese companies could operate in the U.S. The previous administration renegotiated trade deals and barred telecommunications companies suspected of malign activity -- like Huawei -- from conducting business in the U.S. or with any American companies………

 
Top