Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Ramaswamy unveils plan to ‘declare economic independence from China’ in upcoming policy speech

by September 21, 2023
September 21, 2023
Ramaswamy unveils plan to ‘declare economic independence from China’ in upcoming policy speech

FIRST ON FOX — Republican presidential candidate Vivek Ramaswamy is set to unveil his plan to ‘declare economic independence from China’ in a preview of his policy speech obtained by Fox News Digital. 

In his address that will be given Thursday in his hometown of Columbus, Ohio, Ramaswamy says he will ‘delineate the heretofore-unexamined connection between the rise of ‘stakeholder capitalism’ in the West and China’s use of that trend to achieve economic parity with the U.S. by failing to adopt the constraints that multinational institutions apply to the U.S.’

‘This includes the use of forced data and technology transfers and even pro-CCP U.S. lobbying as a condition for acquiring licenses to do business in China, including but not limited to applying constraints (e.g. emissions caps) in the U.S. while failing to apply such caps in China,’ the preview of his speech read.

Ramaswamy will boast what he calls a ‘pro-trade approach to sensibly decoupling from China’ and knocked conservatives who reject a ‘trade-led agenda’ as ‘unserious.’

‘To declare independence from China abroad, we must first declare independence from the climate change agenda at home,’ the preview read. ‘Electric vehicle agenda worsens dependence on China for rare earth minerals and mineral refining capacity: when U.S. taxpayers subsidize EVs, American taxpayers subsidize the CCP.’

Ramaswamy asserts the climate change agenda ‘has nothing to do with the climate and everything to do with letting China catch up to the U.S.,’ adding that ‘this is something that the Republican Party has missed in entirety.’

The political outsider reiterated his call for semiconductor independence, calling the CHIPS Act that was passed and sign into law by the Biden administration a ‘boondoggle’ and describing it as the ‘Green New Deal in chips-related clothing.’

‘The right answer: more narrowly tailored pro-semiconductor policy in the U.S., but without the excesses and political trinkets of the CHIPS Act — not as a matter of economic protectionism, but as a matter of national security,’ the preview read. ‘Key way to stop this from simply serving as corporate ‘pork’ — simultaneously open trade relationships with South Korea, Japan, and other nations that provide market access for their own semiconductors to the U.S. market to compete with domestically supported U.S. semiconductor manufacturers.

He will highlight the U.S. military’s reliance on China, pointing out how the CCP is a leading producer of ’16’ out of the 35 strategic materials identified as critical by the Department of Defense. 

‘Limiting foreign engagement in other parts of the world (e.g. Ukraine and Middle East) will reopen substantial funds to reinvest in our domestic defense base without the need for expanding the overall U.S. military budget,’ the preview read. ‘Vivek will modernize the Reagan Doctrine to the 21st century — from ‘peace through strength’ to ‘prosperity through peace.”

Ramaswamy will also propose weakening America’s pharmaceutical reliance on China by bolstering trade partnerships with Israel and India and will do the same regarding rare earth minerals with countries like India and Brazil, adding that Chile is ‘the world’s third-greatest lithium reserves’ yet ‘our third-largest lithium partner is China.’

‘We don’t have to ban Chinese imports; we just need to buy from other countries that produce the same things. I call on all American companies to declare lithium independence from China and grow their imports from Chile,’ Ramaswamy will declare according to the preview. 

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

Joseph A. Wulfsohn is a media reporter for Fox News Digital. Story tips can be sent to joseph.wulfsohn@fox.com and on Twitter: @JosephWulfsohn.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
The Speaker’s Lobby: The Hitchhiker’s Guide to a possible government shutdown
next post
Fall in inflation to 6.7% leaves interest rate decision in balance

You may also like

Putin ‘promises’ to ask Assad for help in...

December 19, 2024

Project Veritas: HHS Whistleblower Reveals ‘Tax Dollars’ Spent...

November 29, 2022

Belarus claims to have received tactical nuclear weapons...

December 28, 2023

Iran’s ayatollah wants the nuclear bomb before Nov....

June 24, 2024

FTX Linked School Board Member Hit With Ethics...

November 27, 2022

Kevin McCarthy intends to restore order to GOP...

March 8, 2023

Democrats downplay Biden’s classified documents: ‘No comparison’ to...

January 10, 2023

Biden makes multiple false Second Amendment claims in...

March 29, 2023

Rubio doubts ‘anything productive’ will happen in Ukraine...

May 15, 2025

Menendez says he will not resign in closed...

September 29, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Friday Feature: Savannah Legacy Academy

      June 27, 2025
    • The Supreme Court Is Right on Reading Opt-Outs, But That’s Not Enough

      June 27, 2025
    • Barrett eviscerates Jackson, Sotomayor takes on a ‘complicit’ court in contentious final opinions

      June 27, 2025
    • Trump would strike Iran ‘without question’ if it restarts nuclear weapons program

      June 27, 2025
    • Florida man indicted for ’86’ posts allegedly threatening to kill Alina Habba

      June 27, 2025
    • Top House Republicans send stern warning to Senate GOP as Trump’s ‘big, beautiful bill’ risks delay

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,079)
    • Politics (15,835)
    • Stocks (3,174)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved