Rubio Seeks to Counter 'Made in China 2025' Manufacturing Plan
- Legislation seeks to use China’s plans against the country
- Florida senator says Americans ‘know something has gone wrong’
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Senator Marco Rubio is proposing legislation that would counteract China’s "Made in China 2025" economic-development initiative by restricting and taxing Chinese investment in the U.S. and by raising import duties on goods produced by industries supported by Beijing’s program.
In a report Tuesday from the U.S. Senate Committee on Small Business and Entrepreneurship on Tuesday, Rubio said he wants to use China’s plan as a road map for defensive action and to combat what he describes as an existential threat to American industry.