[Congressional Record Volume 140, Number 75 (Wednesday, June 15, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 15, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                THE BURGEONING TRADE DEFICIT WITH CHINA

  (Mr. APPLEGATE asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. APPLEGATE. Mr. Speaker, in 1984, President Reagan went to China 
to talk about trade. The U.S. trade deficit then was $10 million, just 
millions. He gave away the textile market, he opened up the American 
borders for all the Chinese productivity made by slave labor, and we 
gave them most-favored-nation status. That is a tax break.
  Today, the trade deficit is $25 billion; billions, folks.
  That is 2,500 times more than in 1983.
  Now China and Korea want to hold the United States hostage to a 
Communist nations trying to conspire against us. China is threatening 
that if they do not get most-favored-nation status from this 
Government, that they are going to support the North Koreans. They are 
using the United States.
  To President Clinton I would say, ``Hang tough, Mr. President. If we 
don't, we are going to become enslaved by those very same people.'' 
Think about it.

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