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Our friends at the Committee on the Present Danger: China on Friday conducted a must-see webinar on Communist China’s economic war on the United States. We’ve got the full transcript and video in this article.
With Communist China’s announcement last week of an intention to impose sweeping new controls on the export and use of its “rare earth” and other critical materials, Beijing is manifestly waging economic war not just on us, but the whole world.
In a somber press conference with Treasury Secretary Scott Bessent in Washington on Wednesday, Trade Representative Jamison Greer declared: “China’s announcement is nothing more than a global supply chain power-grab… It is an exercise in economic coercion on every country in the world.”
In response, President Trump has threatened to impose a further 100 percent tariff on Chinese imports if the CCP proceeds. He subsequently sought to defuse tensions, however, by suggesting that Chinese dictator Xi Jinping had merely had “a bad moment” with that power grab.
Meanwhile, even as Secretary Bessent expressed displeasure with the CCP’s threats and their impact on trade negotiations, Secretary Bessent clearly hopes to buy time – suggesting we just need to “derisk” our trade ties with China, rather than decouple them.
These mixed signals are depriving the American people of the clear information they require to understand our parlous situation with respect to Chinese economic warfare and the urgent need for us to undertake corrective actions.
For starters, depending on our greatest enemy ever for anything important is insane. We must stop underwriting the CCP and start fully decoupling now.
Go here to watch the webinar: https://rumble.com/v70g6q8-webinar-xi-has-declared-economic-war-on-america.-will-we-fight-back-and-how.html
Go here to read the transcript: https://presentdangerchina.org/wp-content/uploads/2025/10/TRANSCRIPT_Webinar_Economic_War.pdf
Friday’s Committee on the Present Danger: China webinar addresses these topics. In the process, we consider two letters the Committee’s leadership sent President Trump in response to two recent, and very worrisome, Chinese Communist Party gambits. Brian T. Kennedy and Frank J. Gaffney, the CPDC’s Chairman and Vice Chairman, respectively warned about: first, a CCP proposal to invest $1 trillion in the United States in exchange for Washington easing or eliminating trade and export control restrictions with China; and then, Beijing’s announced intention to cut off exports of rare earth minerals to the U.S. and other Free World nations.
The first letter sent on October 6th and the second sent on October 11th shared a common recommendation: President Trump’s declared “America First Investment Policy” of February 21, 2025 is a necessary response to such Chinese “carrots” and “sticks,” aiming as it does to curb both the PRC’s inbound investments here and outbound U.S. investments there. After all, such investing has the effect of providing life-support for our mortal enemy and underwriting for its military.
Moderator
- Frank Gaffney, President, Institute for the American Future; Vice Chairman, Committee on the Present Danger: China; Member, Victory Coalition; host, “Securing America”
- Charles “Sam” Faddis, editor, AndMagazine.Substack.com; retired career Clandestine Service operative, Central Intelligence Agency; Army veteran; former Assistant Attorney General, Washington State; author, Beyond Repair: The Decline and Fall of the CIA
- Gordon G. Chang, Senior Distinguished Fellow, Gatestone Institute; columnist, Newsweek; author, Plan Red: China’s Project to Destroy America
- Capt. James Fanell, U.S. Navy (Ret.), former Chief of Intelligence and Information Operations, U.S. Pacific Fleet; Senior Fellow, Geneva Center for Security Policy; co-author, Embracing Communist China: America’s Greatest Strategic Failure; columnist, AmericanGreatness.com
- Nick Iacovella, Communications Director, Coalition for a Prosperous America; former Press Secretary to U.S. Senator Marco Rubio.
- Col. Grant Newsham, U.S. Marine Corps (Ret.); former Foreign Service Officer; longtime businessman and entrepreneur in the Western Pacific; author, When China Attacks: A Warning to America
- John Lenczowski, Ph.D., Founder, President Emeritus, and Chancellor of The Institute of World Politics; former Special Advisor for the U.S. State Department in the Bureau of European Affairs (1981 to 1983); former Director of European and Soviet Affairs in Reagan’s National Security Council (1983-1987); author, “Full-Spectrum Diplomacy and Grand Strategy” (2011) among other titles
- Chinese farmland purchases
- The Unrestricted War movie
- Donald Trump administration
- ban Chinese land purchases
- Wall Street
- China trade
- Jamie Dimon
- Brian Moynihan
- Kamala Harris donors
- Office of Professional Responsibility (OPR)
- Contemporary Amperex Technology Co.
- CATL
- FrankenAI
- Artificial Intelligence
- Obamagate
- Representative John Moolenaar (R-MI)
- Chairman of the House Select Committee on China
- BRICS
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