MATCH Act

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Bill ID: 119/hr/8170
Last Updated: July 16, 2026

Sponsored by

Rep. Baumgartner, Michael [R-WA-5]

ID: B001322

Follow the money

The bill

MATCH Act

HR. 8170, 119th Congress — read as touching Semiconductors & Hardware.

The sponsor

Rep. Baumgartner, Michael [R-WA-5]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$126,974 raised

26 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

63% match to Project 2025

This bill's text tracks the "Introduction" section, p. 798-800 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 36 - 8.

April 21, 2026

Introduced

📍 Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

🏛️

Committee Review

🗳️

Floor Action

Passed House

🏛️

Senate Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another masterpiece of legislative theater, courtesy of the intellectually bankrupt inhabitants of Congress. The MATCH Act, a bill so cleverly crafted to sound like it's about national security, but in reality, it's just another symptom of the disease that plagues our political system: corruption, greed, and a healthy dose of stupidity.

**Main Purpose & Objectives:** The main purpose of this bill is to restrict the export of certain semiconductor manufacturing equipment and components to countries deemed "adversaries" by the United States. Because, you know, those pesky Chinese companies might actually start producing advanced-node integrated circuits that could rival our own. The horror! The real objective, of course, is to protect the interests of American corporations that dominate the semiconductor industry, while pretending to care about national security.

**Key Provisions & Changes to Existing Law:** The bill requires the government to identify and restrict the export of covered semiconductor manufacturing equipment and components to countries like China. It also mandates diplomatic efforts to convince allied countries to adopt similar controls, because who needs international cooperation when you can just strong-arm your friends into doing your bidding? The bill also establishes a licensing policy of denial for exports to certain facilities, because why bother with due process when you can just deny everything?

**Affected Parties & Stakeholders:** The affected parties include American corporations that produce semiconductor manufacturing equipment, Chinese companies like Huawei and SMIC, and allied countries that will be pressured into adopting similar controls. Oh, and let's not forget the poor souls who actually have to implement these restrictions – the bureaucrats who will have to navigate this Byzantine regulatory landscape.

**Potential Impact & Implications:** The potential impact of this bill is to further escalate the ongoing tech Cold War between the United States and China. It will likely lead to retaliatory measures from China, which could harm American businesses that rely on Chinese supply chains. But hey, who needs a functioning global economy when you can have a good old-fashioned trade war? The implications are clear: this bill is a recipe for disaster, a perfect storm of protectionism, nationalism, and bureaucratic incompetence.

In conclusion, the MATCH Act is a textbook example of how to write a bill that sounds good on paper but is actually a thinly veiled attempt to protect corporate interests while pretending to care about national security. It's a disease, really – a symptom of a broader illness that afflicts our political system. And we're all just along for the ride, watching as our elected officials engage in this farcical dance of legislative theater, completely oblivious to the fact that they're making fools of themselves and harming the very people they claim to represent. Bravo, Congress. Bravo.

Related Topics

Trade & International Commerce
Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Rep. Baumgartner, Michael [R-WA-5]

Congress 119 • 2024 Election Cycle

Total Contributions
$126,974
21 donors
PACs
$0
Organizations
$12,900
Committees
$0
Individuals
$114,074

No PAC contributions found

1
THE CONFEDERATED TRIBES OF THE COLVILLE RESERVATION
3 transactions
$8,600
2
KALISPEL TRIBAL ECONOMIC AUTHORITY
2 transactions
$3,300
3
YAKAMA NATION
1 transaction
$1,000

No committee contributions found

1
JHASHI, VAJA
1 transaction
$13,200
2
PLATH, PETER
2 transactions
$13,200
3
SCHNAUBELT, CHRISTOPHER
2 transactions
$6,870
4
BENNETT, GREGG
1 transaction
$6,600
5
CONNORS, JOHN
1 transaction
$6,600
6
CONNORS, KATHY
1 transaction
$6,600
7
MERCK, MAGGIE
1 transaction
$6,600
8
ODERMAT, MARY
1 transaction
$6,600
9
PARKS, DAVE
1 transaction
$6,600
10
CHAUDHRY, ASIF
1 transaction
$6,600
11
MAHMOOD, ARSHAD
1 transaction
$6,600
12
SLIVKA, BENJAMIN
1 transaction
$5,829
13
JOHNSON, KEVIN
1 transaction
$5,000
14
ANDERSON, MARK
1 transaction
$3,435
15
BRIDGEWATER, JACK
1 transaction
$3,435
16
HERCHE, THOMAS
1 transaction
$3,435
17
RINDLAUB, SARAH
1 transaction
$3,435
18
WETZEL, SCOTT
1 transaction
$3,435

Cosponsors & Their Campaign Finance

This bill has 10 cosponsors. Below are their top campaign contributors.

Rep. Moolenaar, John R. [R-MI-2]

ID: M001194

Top Contributors

10

1
MATCH-E-BE-NASH-SHE-WISH BAND POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Aug 30, 2023
2
PECHANGA BAND OF INDIANS
OrganizationTEMECULA, CA
$3,300
Aug 30, 2023
3
POKAGON BAND OF POTAWATOMI INDIANS
OrganizationDOWAGIAC, MI
$3,300
Aug 30, 2023
4
SAGINAW CHIPPEWA INDIAN TRIBE TRIBAL OPERATIONS
OrganizationMOUNT PLEASANT, MI
$3,300
Sep 30, 2023
5
SHINGLE SPRINGS BAND OF MIWOK INDIANS
OrganizationSHINGLE SPRINGS, CA
$3,300
Sep 30, 2023
6
NOTTAWASEPPI HURON BAND OF THE POTAWATOMI
OrganizationFULTON, MI
$3,300
Mar 12, 2024
7
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
Jun 20, 2024
8
SAULT STE. MARIE TRIBE CHIPPEWA INDIANS
OrganizationSAULT SAINTE MARIE, MI
$2,900
Dec 19, 2023
9
SAN MANUEL BAND OF MISSION INDIANS
OrganizationLOS ANGELES, CA
$2,500
Mar 4, 2024
10
SHINGLE SPRINGS BAND OF MIWOK INDIANS
OrganizationSHINGLE SPRINGS, CA
$2,500
Sep 30, 2024

Rep. McCormick, Richard [R-GA-7]

ID: M001218

Top Contributors

10

1
OGLESBY, CHARLES
RETIREDRETIRED
IndividualSUWANEE, GA
$10,000
Jan 18, 2024
2
OGLESBY, CHARLES
IndividualSUWANEE, GA
$10,000
Jan 22, 2024
3
HAMILTON, ANNE
THORNBRIAR CAPITAL LLCBUSINESS OWNER
IndividualCUMMING, GA
$10,000
Feb 13, 2023
4
VERMA, VIKAS
RETIREDRETIRED
IndividualATLANTA, GA
$6,600
Oct 28, 2024
5
KLINGENSTEIN, THOMAS
COHEN KLINGENSTEININVESTMENT ADVISOR
IndividualNEW YORK, NY
$6,600
Oct 28, 2023
6
LUKE, DEBRA
RETIREDRETIRED
IndividualPHOENIX, AZ
$6,600
Feb 6, 2024
7
BATMASIAN, JAMES H
INVESTMENTS LIMITEDOWNER
IndividualBOCA RATON, FL
$6,600
May 25, 2023
8
KOLLAR, CLINT
SIXTH STREET PARTNERSINVESTOR
IndividualSAN FRANCISCO, CA
$6,600
May 28, 2023
9
KOLLAR, HEATHER
SELFMOTHER
IndividualSAN FRANCISCO, CA
$6,600
May 28, 2023
10
STEBBINS, ROBERT
WILLKIE FARR GALLAGHERATTORNEY
IndividualNEW YORK, NY
$6,600
Apr 1, 2023

Rep. Mannion, John W. [D-NY-22]

ID: M001231

Top Contributors

10

1
POLITY GROUP LLC
OrganizationPORTLAND, OR
$2,500
Oct 28, 2024
2
LYNN D'ELIA TEMES & STANCZYK
OrganizationSYRACUSE, NY
$1,000
Mar 12, 2024
3
SLOME, IAN
SLOME CAPITAL LLCINVESTOR
IndividualNEW YORK, NY
$6,600
May 18, 2024
4
SPITZER, ELIOT
SELF-EMPLOYEDREAL ESTATE
IndividualNEW YORK, NY
$6,600
May 1, 2024
5
CUTLER, RANDI
NOT EMPLOYEDNOT EMPLOYED
IndividualBOSTON, MA
$6,600
Jun 11, 2024
6
MCDOLE, MORGAN
CITY OF SYRACUSEFIREFIGHTER
IndividualFAYETTEVILLE, NY
$6,600
Jun 20, 2024
7
ALBERTS, EDWARD
LITTLE LUKESSELF-EMPLOYED
IndividualBALDWINSVILLE, NY
$6,600
Jul 13, 2023
8
STONE, JAMES M
PLYMOUTH ROCK COMPANY, INC.EXECUTIVE
IndividualBOSTON, MA
$5,000
Oct 11, 2024
9
FAIVUS, HARRY E.
NOT EMPLOYEDRETIRED
IndividualNEW YORK, NY
$5,000
Oct 25, 2024
10
BASCH, ELI B.
BASCH &KEEGAN LLPATTORNEY
IndividualKINGSTON, NY
$5,000
Oct 28, 2024

Rep. Golden, Jared F. [D-ME-2]

ID: G000592

Top Contributors

10

1
PENOBSCOT INDIAN NATION
OrganizationINDIAN ISLAND, ME
$3,300
Oct 19, 2024
2
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Feb 8, 2024
3
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 13, 2024
4
SAN MANUEL BAND OF MISSION INDIANS
OrganizationLOS ANGELES, CA
$3,300
Sep 28, 2023
5
NOTTAWASEPPI HURON BAND OF THE POTAWATOMI
OrganizationFULTON, MI
$2,000
Oct 15, 2024
6
PASSAMAQUODDY TRIBE AT INDIAN TOWNSHIP
OrganizationPERRY, ME
$1,000
Oct 28, 2024
7
SANTA YNEZ BAND OF MISSION INDIANS
OrganizationSANTA YNEZ, CA
$1,000
Oct 31, 2024
8
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,000
Jun 27, 2024
9
ONEIDA NATION
OrganizationONEIDA, WI
$1,000
Sep 26, 2024
10
KIRK, GARRETT JR
SELF EMPLOYEDINVESTOR
IndividualNEW YORK, NY
$6,600
Nov 2, 2024

Rep. Huizenga, Bill [R-MI-4]

ID: H001058

Top Contributors

10

1
POKAGON BAND OF POTAWATOMI INDIANS
OrganizationDOWAGIAC, MI
$3,300
Dec 11, 2023
2
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Aug 29, 2024
3
BARREL DOG, LLC
OrganizationHOLLAND, MI
$1,000
Sep 1, 2024
4
NOAH HOMES LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
5
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
6
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Jul 28, 2024
7
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Sep 5, 2024
8
STRAIGHT LINE RED ANGUS
OrganizationBANGOR, MI
$250
Jul 23, 2024
9
VAN ANDEL, AMY
THE STEVE AND AMY VAN ANDEL FOUNDATIONEXECUTIVE DIRECTOR
IndividualADA, MI
$75,000
Mar 29, 2024
10
VAN ANDEL, STEPHEN
AMWAYCHAIRMAN
IndividualADA, MI
$75,000
Mar 29, 2024

Rep. Shreve, Jefferson [R-IN-6]

ID: S001229

Top Contributors

10

1
SASSO, APRIL
HOMEMAKERHOMEMAKER
IndividualCARMEL, IN
$6,600
Oct 30, 2024
2
PONDER, JACQUELINE
BOWMAN FAMILY HOLDINGSLAWYER
IndividualGREENWOOD, IN
$3,437
Oct 29, 2024
3
KING, CHRISTOPHER M.
RUNNEBOHM CONSTRUCTION, INC.OWNER
IndividualSHELBYVILLE, IN
$3,300
Jun 7, 2024
4
CALDWELL, JORDAN
CALDWELL'S INC.EXECUTIVE
IndividualSHELBYVILLE, IN
$3,300
Oct 20, 2024
5
DOPPELT, BRIAN
BAINBRIDGE COMPANIESEXECUTIVE
IndividualBOCA RATON, FL
$3,300
Nov 5, 2024
6
KING, KYLIE A.
HOMEMAKERHOMEMAKER
IndividualSHELBYVILLE, IN
$3,300
Oct 20, 2024
7
SASSO, RICK C.
INDIANA SPINE GROUPPHYSICIAN
IndividualCARMEL, IN
$3,300
Nov 5, 2024
8
SCHUMACHER, AMY MAE
THE HERITAGE GROUPCEO
IndividualCARMEL, IN
$3,300
Oct 22, 2024
9
MCALLISTER, CHRIS
TARBERT PROPERTIES LPPARTNER
IndividualINDIANAPOLIS, IN
$3,300
Nov 5, 2024
10
ZINK, JAMES C.
ZINK DISTRIBUTINGCHAIRMAN / CEO
IndividualINDIANAPOLIS, IN
$3,300
Nov 2, 2024

Rep. Lawler, Michael [R-NY-17]

ID: L000599

Top Contributors

10

1
MURTAGH, COSSU, VENDITTI & CASTRO-BLANCO, LLP
OrganizationWHITE PLAINS, NY
$1,000
Feb 24, 2024
2
BATMASIAN, JAMES
INVESTMENTS LIMITEDOWNER
IndividualBOCA RATON, FL
$6,600
Sep 27, 2023
3
BATMASIAN, JAMES
IndividualBOCA RATON, FL
$6,600
Sep 29, 2023
4
AUSTIN, ROBERT
UNAKA CO., INC.BUSINESSMAN
IndividualDALLAS, TX
$6,600
Jul 18, 2024
5
SILVERMAN, JEFFREY
RETIREDRETIRED
IndividualSURFSIDE, FL
$6,534
Feb 15, 2024
6
SILVERMAN, JEFFREY
IndividualSURFSIDE, FL
$6,534
Feb 22, 2024
7
SCALA, MARY ELLEN
RETIREDRETIRED
IndividualPORT CHESTER, NY
$5,300
Aug 27, 2023
8
DEUTSCH, SHMULEY
SELFPRESIDENT
IndividualSPRING VALLEY, NY
$3,900
Jun 24, 2024
9
DEUTSCH, SHMULEY
IndividualSPRING VALLEY, NY
$3,900
Jun 25, 2024
10
PERLMUTTER, RAFUEL
GOLDEN TASTECEO
IndividualSPRING VALLEY, NY
$3,400
Jun 24, 2024

Rep. Riley, Josh [D-NY-19]

ID: R000622

Top Contributors

10

1
HOPE SPRINGS FARM
OrganizationROXBURY, NY
$3,300
Aug 20, 2024
2
THE PLANTSMEN NURSERY
OrganizationGROTON, NY
$500
Oct 11, 2024
3
FLOWERS BY ORZEL
OrganizationWHITNEY POINT, NY
$300
May 6, 2024
4
FLOWERS BY ORZEL
OrganizationWHITNEY POINT, NY
$300
Jun 5, 2024
5
HOPE SPRINGS FARM
OrganizationROXBURY, NY
$50
Sep 13, 2024
6
KIRK, CLAY KENAN
SELF-EMPLOYEDINVESTOR
IndividualNEW YORK, NY
$6,600
Sep 23, 2024
7
KIRK, GARRETT JR
SELF-EMPLOYEDINVESTOR
IndividualNEW YORK, NY
$6,600
Sep 23, 2024
8
TRONE, DAVID J.
IndividualPOTOMAC, MD
$6,600
Jan 21, 2024
9
LANDEGGGER, GEORGE F.
IndividualRYE BROOK, NY
$5,000
Jul 31, 2024
10
FAIVUS, HARRY
SELF-EMPLOYEDPHYSICIAN
IndividualNEW YORK, NY
$5,000
Oct 28, 2024

Rep. Goodlander, Maggie [D-NH-2]

ID: G000604

Top Contributors

10

1
MCLAUGHLIN, JANE
NOT EMPLOYEDNOT EMPLOYED
IndividualLYME, NH
$4,500
Aug 24, 2024
2
FLORY, ROBERT H. JR
FLORY INVESTMENTS, INC.PRESIDENT
IndividualDAMARISCOTTA, ME
$4,100
Sep 30, 2024
3
FLORY, ROBERT H. JR
FLORY INVESTMENTS, INC.PRESIDENT
IndividualDAMARISCOTTA, ME
$4,100
Sep 30, 2024
4
KRAUSZ, STEVEN
US VENTURE PARTNERSVENTURE CAPITAL
IndividualPORTOLA VALLEY, CA
$3,300
Oct 23, 2024
5
HIRSHBERG, GARY
STONYFIELD FARM INC.SENIOR ADVISOR
IndividualCONCORD, NH
$3,300
Oct 22, 2024
6
DRAKE, LAWRENCE C JR
NOT EMPLOYEDNOT EMPLOYED
IndividualPORTSMOUTH, NH
$3,300
Oct 19, 2024
7
CUTLER, DOULGAS
CUTLER MANAGEMENT CORPMANAGEMENT
IndividualDANIA, FL
$3,300
Oct 17, 2024
8
JAMES, AMABEL
NOT EMPLOYEDNOT EMPLOYED
IndividualNEW YORK, NY
$3,300
Oct 24, 2024
9
NUNNELLY, MARK
NOT EMPLOYEDNOT EMPLOYED
IndividualDOVER, MA
$3,300
Oct 21, 2024
10
ROBY, DAVID M.
NOT EMPLOYEDNOT EMPLOYED
IndividualLYME, NH
$3,300
Oct 28, 2024

Rep. Subramanyam, Suhas [D-VA-10]

ID: S001230

Top Contributors

10

1
FRIENDS OF RUSSET PERRY
OrganizationLEESBURG, VA
$1,000
May 16, 2024
2
GRO MORE DULANY BUILDERS
OrganizationMCLEAN, VA
$1,000
Sep 19, 2024
3
ELECT ATOOSA REASER
OrganizationSTERLING, VA
$250
Sep 30, 2024
4
IRUDHAYANATHAN, ANTHONY
ZILLIONIT
IndividualASHBURN, VA
$6,600
Jun 12, 2024
5
JACOBS, IRWIN M
IndividualLA JOLLA, CA
$3,300
Dec 31, 2024
6
ACHARYA, SANKET
7-ELEVENBUSINES OWNER
IndividualNEWPORT NEWS, VA
$3,300
Nov 19, 2023
7
ALDANA, AIME
DLA PIPEROF COUNSEL
IndividualBURBANK, CA
$3,300
Nov 14, 2023
8
ALI, TAJAMMAL
TAJAMMAL ALISELF EMPLOYED
IndividualLEESBURG, VA
$3,300
Dec 11, 2023
9
BHUTADA, RISHI
STAR PIPE PRODUCTSSENIOR VICE PRESIDENT
IndividualSUGAR LAND, TX
$3,300
Dec 8, 2023
10
CHALLA, JAYANTH
NOT EMPLOYEDNOT EMPLOYED
IndividualVIENNA, VA
$3,300
Nov 16, 2023

Donor Network - Rep. Baumgartner, Michael [R-WA-5]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 57 nodes and 41 connections (50 secondary connections hidden)

Total contributions: $192,174

Top Donors - Rep. Baumgartner, Michael [R-WA-5]

Showing top 21 donors by contribution amount

3 Orgs18 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

  • Section 3(c)(3) establishes U.S. jurisdiction and applies countrywide controls to covered semiconductor manufacturing equipment exported from allied supplier countries, requiring licenses with a policy of denial for servicing and end-use controls, directly restricting the industry's ability to export equipment and components to countries of concern.

  • Section 2(2) notes that advanced computing applications like AI are transforming military affairs, and the bill's export controls on semiconductor manufacturing equipment (Section 3) indirectly hinder AI development by limiting access to advanced-node integrated circuits, which are foundational for AI hardware.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Rep. Baumgartner, Michael [R-WA-5])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.

Industries this bill HARMS

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.

Introduction

Moderate63.2%
Pages: 798-800

— 765 — 26 TRADE THE CASE FOR FAIR TRADE Peter Navarro For decades the world has struggled with a shifting maze of punitive tariffs, export subsidies, quotas, dollar-locked currencies, and the like. Many of these import-inhibiting and export-encouraging devices have long been employed by major exporting countries trying to amass ever larger [trade] surpluses. Warren Buffett, CEO, Berkshire Hathaway1 The Chinese government is implementing a comprehensive, long-term industrial strategy to ensure its global dominance…. Beijing’s ultimate goal is for domestic companies to replace foreign companies as designers and manufacturers of key technology and products first at home, then abroad. U.S.–China Economic and Security Review Commission2 The United States of America is the world’s dominant superpower and remains the world’s arsenal of democracy. To maintain that global positioning—and thereby best protect the homeland and our own democratic institutions—it is critical that the United States strengthen its manufacturing and defense industrial base at the same time that it increases the reliability and resilience of its globally dispersed

Introduction

Moderate62.4%
Pages: 798-800

— 765 — 26 TRADE THE CASE FOR FAIR TRADE Peter Navarro For decades the world has struggled with a shifting maze of punitive tariffs, export subsidies, quotas, dollar-locked currencies, and the like. Many of these import-inhibiting and export-encouraging devices have long been employed by major exporting countries trying to amass ever larger [trade] surpluses. Warren Buffett, CEO, Berkshire Hathaway1 The Chinese government is implementing a comprehensive, long-term industrial strategy to ensure its global dominance…. Beijing’s ultimate goal is for domestic companies to replace foreign companies as designers and manufacturers of key technology and products first at home, then abroad. U.S.–China Economic and Security Review Commission2 The United States of America is the world’s dominant superpower and remains the world’s arsenal of democracy. To maintain that global positioning—and thereby best protect the homeland and our own democratic institutions—it is critical that the United States strengthen its manufacturing and defense industrial base at the same time that it increases the reliability and resilience of its globally dispersed — 766 — Mandate for Leadership: The Conservative Promise supply chains. That will necessarily require the onshoring of a significant portion of production currently offshored by American multinational corporations. Trade policy can and must play an essential role in an American manufacturing and defense industrial base renaissance. However, several major challenges in the international trading environment are pushing America in the opposite direction. The first challenge is rooted in MFN: the “most favored nation” rule of the World Trade Organization (WTO). According to the MFN rule, WTO members must apply the lowest tariffs that they apply to the products of any one country to the products of every other country.3 However, WTO members can charge higher tariffs if they apply these nonreciprocal tariffs to all countries. The practical result has been the systematic exploitation of American farmers, ranchers, manufacturers, and workers through higher tariffs institutionalized by MFN. In turn, this unfair and nonreciprocal trade has resulted in chronic U.S. trade deficits with much of the rest of the world. This systemic trade imbalance serves as a brake and bridle on both GDP growth and real wages in the American economy while encumbering the U.S. with significant foreign debt. The second challenge is part of the broader existential threat posed by the Chinese Communist Party (CCP) in its quest for global dominance. That chal- lenge is rooted in the CCP’s continued economic aggression, which begins with mercantilist and protectionist trade policy tools such as tariffs, nontariff barriers, dumping, counterfeiting and piracy, and currency manipulation. However, Com- munist China’s economic aggression also extends to an intricate set of industrial policies and technology transfer–forcing policies that have dramatically skewed the international trading arena. Both the unfair, unbalanced, and nonreciprocal trade institutionalized by the WTO and Communist China’s economic aggression are weakening America’s man- ufacturing and defense industrial base even as the fragility of globally dispersed supply chains has been brought into sharp relief by the COVID-19 pandemic with its associated lockdowns and other disruptions and by the Russian invasion of Ukraine. Russian revanchism, in particular, has demonstrated once again how bad actors on the world stage can use trade policy (for example, export restraints on natural gas) as a weapon of war. LAYING THE TRADE DEFICIT PREDICATE The great football coach Bill Parcells once said, “You are what your record says you are.” America’s record on trade—specifically American’s chronic and ever-ex- panding trade deficit—says that America is the globe’s biggest trade loser and a victim of unfair, unbalanced, and nonreciprocal trade. During the first year of the Biden Administration, the overall U.S. trade defi- cit, including goods and services, soared by 29 percent, from $654 billion in 2020 to $845 billion in 2021.4 Over the same time period, imports of consumer goods,

Introduction

Moderate62.2%
Pages: 822-824

— 789 — Trade The following policy options were on the drawing board or in discussion as preparations for a potential Trump second term were being made. These options span the spectrum from purely trade-related like increasing tariffs to cutting off Communist China’s access to American financial markets, research institutions, and consumers. The next American President should strongly consider adopting all of them as a package: l Strategically expand tariffs to all Chinese products and increase tariff rates to levels that will block out “Made in China” products, and execute this strategy in a manner and at a pace that will not expose the U.S. to lack of access to essential products like key pharmaceuticals. l Provide significant financial and tax incentives to American companies that are seeking to onshore production from Communist China to U.S. soil. l Stop Communist China’s abuse of the so-called de minimis exemption, which allows it to evade the tariffs for products valued at less than $800. l Prohibit Communist Chinese state-owned enterprises from bidding on U.S. government procurement contracts (for example, contracts for subway and other transportation systems). l Prohibit the use of Communist Chinese–made drones in American airspace. l Ban all Chinese social media apps such as TikTok and WeChat, which pose significant national security risks and expose American consumers to data and identity theft. l Prohibit all Communist Chinese investment in high-technology industries. l Prohibit U.S. pension funds from investing in Communist Chinese stocks. l Delist any Communist Chinese stocks that do not meet Public Company Accounting Oversight Board standards or, alternatively, close off the Chinese “A shares” stock market to U.S. investment and deregister U.S.- sanctioned Communist Chinese companies. l Prohibit the use of Hong Kong clearinghouses as transit points for American capital investing in the Chinese mainland. l Prohibit the inclusion of Chinese sovereign bonds in U.S. investors’ portfolios. — 790 — Mandate for Leadership: The Conservative Promise l Systematically reduce and eventually eliminate any U.S. dependence on Communist Chinese supply chains that may be used to threaten national security such as medicines, silicon chips, rare earth minerals, computer motherboards, flatscreen displays, and military components. l Sanction any companies, including American companies like Apple, that facilitate Communist China’s use of its Great Firewall surveillance and censorship capabilities. l Order the Department of Homeland Security (DHS) and Department of Justice to contract with U.S.-owned and U.S.-operated artificial intelligence companies that are capable of detecting, identifying, and disrupting both the domestic groups’ and CCP influencers’ social media operations and funding streams using public information as a rapidly available offensive measure. l Reinvigorate and expand the DHS crackdown on the CCP’s use of e-sellers (including third-party sellers) and the shippers and operators of major warehouses such as Amazon, eBay, and Alibaba to flood U.S. markets with counterfeit and pirated goods. l Compel the closure of all Confucius Institutes in the U.S., which serve as propaganda arms of the CCP. l Significantly reduce or eliminate the issuance of visas to Chinese students or researchers to prevent espionage and information harvesting. l Hold the CCP accountable for the COVID-19 virus, which almost certainly originated as a genetically engineered virus from the Wuhan Institute of Virology, and do so through the establishment of a presidential commission or select congressional committee that would investigate the origins of the virus; its various costs, both economically and in human life; and the possible means of collecting damages from the CCP, which are likely to rise to the trillions of dollars. If the new U.S. President wishes to defend this country against the serious exis- tential threat posed by Communist China, that President will adopt all of these proposals through the requisite presidential executive orders or memoranda. Effective Trade Policy in the Real World. To conclude this analysis, it is useful to offer brief reflections on a number of key obstacles to implementing the policy initiatives recommended in this chapter. These obstacles include:

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