Name: Chinese Economy Would Collapse If US Buyers Cut Support, Says Trump’s China Envoy Pick
Uploaded: 2025-04-04T04:58:02.000Z
Description: WASHINGTON—President Donald Trump’s nominee for ambassador to China told lawmakers on Thursday that the American buyers could deal the Chinese economy a fatal blow by stopping the injection of money.

Cary Dunst is the news anchor for NTD Evening News. He is also the co-host of NTD Good Morning.


Cary Dunst

NTD Plus

News

News with integrity, from the United States and around the world. Focused reports and analyses that shed light on major issues the world deserves to know. NTD Evening News airs daily at 6 p.m. ET.

NTD Evening News

40 Percent of Cuba's Income Targeted by New US Sanctions: Expert

David Lam is a national correspondent based in California and a part-time anchor for "NTD Tonight." Before joining NTD he was a financial analyst.

David Lam

US Senators Seek to Repeal California Emissions Rules

Sam Wang is a Washington correspondent for NTD News based in Washington, D.C. Sam covers politics on Capitol Hill, and U.S.-China relations. 

Sam Wang

What the People Say: Are You Feeling Confident About Our Economy Under Trump?

Christina Corona is a California-based reporter for NTD News. She primarily covers California news, politics, and entertainment.  

Christina Corona

Partially-Incarcerated Fire Crew Battles Spokane Fires

Jason Blair is a national correspondent for NTD News based in California. 

Jason Blair

Chinese-Linked Scam Compounds Are Targeting Americans

Dave Martin is NTD's Senior Sports Reporter and sports analyst. He also hosts "Data Hub" segments during NTD's special election coverage, "The Nation Decides."

Dave Martin

Will He or Won't He? Former NFL Star Aaron Donald Ponders Return

Arian Pasdar is an international correspondent for NTD News based in South America. His reporting focuses on immigration and key events in Latin America.

Arian Pasdar

Ceuta Mayor Tells EU That City 'Not Back to Business as Usual' and Citizens Are 'Fearful'

Jason Perry is an Army veteran and NTD's national security correspondent. Jason primarily covers border security, national defense, foreign wars, and veterans' issues.

Jason Perry

Spacewalk 96: Preparing Space Station for Solar Arrays

Jack Bradley is a Washington correspondent for NTD News based in Washington, D.C. Jack previously anchored "NTD Newsroom" and worked as an assistant producer for the show. 

Jack Bradley

US News

Senate Panel Votes to Hold Fauci in Contempt

Citizens React to Progressive Win in Michigan Democratic Senate Primary

NTD Evening News Full Broadcast (August 6)

NTD Evening News Full Broadcast (August 5)

NTD Evening News Full Broadcast (August 4)

Paul Greaney is an NTD news anchor and producer. Since joining the company in 2018, he has anchored the station’s flagship Evening News broadcast, launched the NTD Business show, and produced documentary reports on pointed issues. 

The highlight of Paul’s time in the field was his coverage of the Hong Kong pro-democracy protests in 2019.

Paul Greaney

NTD Evening News Full Broadcast (Aug. 2)

Full Episodes

NTD Evening News Full Broadcast (Aug. 1)

NTD Evening News Full Broadcast (July 31)

NTD Evening News Full Broadcast (July 30)

NTD Evening News Full Broadcast (July 29)

NTD Evening News Full Broadcast (July 28)

NTD Evening News Full Broadcast (July 27)

NTD Movies

NTD+ Movies

The Unrestricted War

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

Cyber Defense Agency Warns Hackers Are Increasingly Targeting Water Systems

Juliet Song is an international correspondent exclusively covering China news for NTD. She primarily contributes to NTD's "China in Focus," covering U.S.-China relations, the Chinese regime's human rights abuses, and domestic unrest inside China.

Juliet Song

Shows

Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 9:30 p.m. ET.

China in Focus

2.8 Million People in China Evacuated Amid Typhoon Bavi

NTD Newsroom comprises teams of reporters, editors, and producers assigned to cover breaking news and other stories.


NTD Newsroom

Breaking news and in-depth analysis from the United States and beyond. We bring you the latest updates, exclusive insights, and sharp discussions on the most pressing issues. NTD Newsroom airs Monday–Friday from 2 p.m. to 6 p.m. ET.

US Announces Visa Restrictions Targeting Cybercriminals

Joseph Lord is a congressional reporter for The Epoch Times.


Joseph Lord

Politics

Congress

House Passes Legislation to Make Daylight Saving Time Permanent

News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

NTD News Today

Florida Ticket Wins $800 Million Mega Millions Jackpot

Troy Myers is a regional reporter based in St. Augustine, Florida. His background includes breaking, criminal justice, and investigative writing for local news, producing on a national morning newscast in Washington, D.C., and working with an award-winning, weekly investigative news program. In his free time, he enjoys spending time with his dog at the beach.

Troy Myers

Courts

Appeals Court Upholds Block on Trump Order to Tighten Mail-In Voting, Citizenship Verification

The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

Melina Wisecup is NTD's congressional correspondent based in Washington, covering Capitol Hill and campaign politics.

Melina Wisecup

Sen. Lindsey Graham Likely Died After Aorta Tear, Medical Examiner Says

Bringing you the latest videos, livestreams, and premieres.


NTD Videos

Label

Live

NTD+ Live

Trump Makes an Announcement on Freedom Hauler in the White House

Rudy Blalock is a Southern California-based daily news reporter for NTD. Originally from Michigan, he moved to California in 2017 and the sunshine and ocean have kept him here since. In his free time, he may be found underwater scuba diving, on top of a mountain hiking or snowboarding, or at home meditating—which helps fuel his active lifestyle.

Rudy Blalock

RFK Jr. Declares Public Health Emergency for Wildfire-Ravaged Washington State

WASHINGTON—President Donald Trump’s nominee for ambassador to China told lawmakers on Thursday that the American buyers could deal the Chinese economy a fatal blow by stopping the injection of money.

David Perdue, a former Fortune 500 CEO and one-term senator for Georgia, said in his confirmation hearing that it’s time for the United States to take a stand against Beijing’s unfair trade practices after decades of turning a blind eye.

Perdue said he believes “those days are over.”

“The way forward is for the United States to become informed about that and to stand up to the channels,” he said.

He acknowledged that some sacrifices might be necessary, as “what we’ve become seduced by are the cheap prices that we gave into over the last 30 years coming out of China,” often subsidized by the state.

“If the American public says enough’s enough, what will happen to their economy?” Sen. Rick Scott (R-Fla.) asked.

Trump on April 2 imposed a 34 percent tariff on China, bringing the existing levy to 54 percent.

“American people are paying a very big price,” he said in a Rose Garden <a href="https://www.theepochtimes.com/article/7-takeaways-from-trumps-reciprocal-tariff-roll-out-5835972">speech</a>, adding that Beijing has taken “tremendous advantage of us.”

<span style="box-sizing: border-box; margin: 0px; padding: 0px;">Trump also <a href="https://www.theepochtimes.com/us/trump-signs-order-closing-exemptions-to-low-cost-imports-from-china-5835910" target="_blank" rel="noopener">signed</a> an executive order to put tariffs on low-value packages from China, closing a loophole Chinese e-commerce firms have exploited to send goods worth under $800 into the United States duty-free.</span>

Experts have said that prices will likely go up for U.S. consumers with the new tariffs in effect. Still, supporters say that other economic initiatives from the Trump administration, meant to reshore manufacturing back to the United States, could help neutralize the impact.

The Chinese economy is in trouble. Unemployment rates are at a record high, and foreign investors are pulling out. Official Chinese data show that net foreign direct investment, a major avenue for the country’s GDP, dropped by $168 billion over the past year.

At the hearing, Perdue described the U.S.–China relationship as “the most consequential diplomatic challenge of the 21st century.”

Citing the Trump administration’s foreign policy <a href="https://www.theepochtimes.com/us/rubio-says-state-department-focused-on-border-energy-curbing-censorship-5797481">commitment</a> to making America safer, stronger, and more prosperous, Perdue said reciprocity and the U.S. security should be considered in all dealings with China and the United States.

Perdue said he would make human rights one of his top priorities if confirmed as the U.S. ambassador.

“One of my top responsibilities as the spokesperson for the people of America and this administration is to make sure they understand how deeply we feel about the atrocities,” he said, after Sen. Jeff Merkley (D-Ore.) brought up the regime’s suppression in Xinjiang and the transnational repression targeting the global Chinese diaspora.

Perdue characterized slave labor, which has accounted for some Chinese products’ low prices, as one tool for Beijing to “cheat” the international trade system.

“If America doesn’t stand up for that, no one else will,” he said.

A State Department <a href="https://www.theepochtimes.com/china/china-spending-billions-on-disinformation-targeting-global-audiences-report-5500919">report</a> in 2023 said Beijing spends billions of dollars annually to disseminate disinformation and propaganda worldwide.

To defend against such challenges at home, Perdue calls for the United States to establish an education system about the dangers posed by the regime.

“Most people are not aware that they’re in our power grid. They’re not aware that they’re collecting our data. They’re not aware that our ports can be manipulated by people in China. So that is an education process that we owe our people,” he said, adding that the United States should work with allies to develop collective messaging that promotes U.S. values.

Perdue mentioned the book “Unrestricted Warfare,” written by two Chinese military colonels in 1999. One key tenet outlined in there was about disseminating propaganda into countries the regime wants to influence, he said, and his goal as the U.S. ambassador is to make Americans aware of its “subliminal” danger.

<em>From <a href="https://www.theepochtimes.com/china/chinese-economy-would-collapse-if-us-buyers-cut-support-says-trumps-china-envoy-pick-5836564">The Epoch Times</a></em>

Latest

China News

Videos

04_Top Stories

Latest Clips

Management

Eva Fu is a New York-based writer for The Epoch Times focusing on U.S. politics, U.S.-China relations, religious freedom, and human rights. Contact Eva at eva.fu@epochtimes.com

Eva Fu

02_Second Lead

Luis Eduardo Martinez is a correspondent for NTD News based in Washington. He holds a master’s degree in International Relations and Democratic Politics from the University of Westminster in London, England.

Luis Eduardo Martinez

Latest and breaking news, documentaries, movies, and lifestyle content on NTD+.
 
Empower your knowledge and elevate your spirit with NTD+, your go-to destination for truthful news, insightful documentaries, and captivating lifestyle content that enriches your life.

Chinese Economy Would Collapse If US Buyers Cut Support, Says Trump’s China Envoy Pick

Stefania Cox is an NTD News anchor and national correspondent based at the network's global headquarters in New York City. Stefania anchors "NTD Newsroom," and co-anchors "NTD News Today" weekdays at 10:00 am ET.

Stefania Cox

NTD News Today Full Broadcast (August 7)

We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.