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China trade deal strangled American dream: Rubio

Added 12-08-21 06:29:01pm EST - “Florida Republican Sen. Marco Rubio said Wednesday that the monumental bipartisan U.S.-China trade agreement enacted over 20 years ago set the stage for today's economic pitfalls.?” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “China trade deal strangled American dream: Rubio”. Below is an excerpt from the article.

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Florida Republican Sen. Marco Rubio said Wednesday that the monumental bipartisan U.S.-China trade agreement enacted over 20 years ago set the stage for today’s economic pitfalls.   

The China Relations Act of 2000 allowed China to become a permanent member of the World Trade Organization (WTO) and opened China’s market up globally.

But Rubio argued the "flawed bipartisan consensus" was a "critical mistake" that tripled the U.S. trade deficit within five years, eliminated tens of thousands of American factories and cost U.S. workers an estimated 2.5 billion jobs. 

Sen. Marco Rubio walks to a Senate Republican caucus meeting at the U.S. Capitol in Washington. (Stefani Reynolds/Bloomberg via Getty Images)

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