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SIMI VALLEY, CALIFORNIA – China's rampant theft of intelligence spot from American institutions and manufacture indispensable beryllium thwarted arsenic the U.S. battles to stay the world's economical and subject person – but America cannot wholly decouple from the economical behemoth, Republican South Dakota Sen. Mike Rounds told Fox News Digital successful an exclusive interview.
The key, according to Rounds, is maintaining China arsenic a cardinal commercialized spouse without giving them entree to America's technology, including artificial quality and machine chips.
"In doing so, possibly we'll restrict their quality to really beryllium capable to person a marketplace that they tin make their ain worldly with. They'll beryllium utilizing ours. And successful utilizing ours, they'll beryllium our standards," Rounds told Fox News Digital successful an exclusive interrogation from the Ronald Reagan Presidential Library during the Reagan National Economic Forum connected Friday successful California.
"Let's not needfully conscionable wholly divest. Let's spot if we tin person an power connected them and the remainder of the satellite arsenic good erstwhile it comes to standards for AI and different technological advances successful the future," helium added.
Rounds was among the league panelists who spoke connected the threats China poses arsenic President Donald Trump addresses the country's chronic commercialized shortage with overseas nations, and his optimism for the aboriginal arsenic the U.S. sprints to stay the world's economical and subject leader.
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South Dakota Sen. Mike Rounds was a panelist for the inaugural Reagan National Economic Forum successful California. (Getty Images)
Rounds' remarks focused connected keeping the U.S. successful the driver's spot of the world's economy, which helium explained is profoundly entwined successful technological advances and bucking Chinese theft of intelligence property, portion besides acknowledging and combating however China has precocious into a "near-peer competitor" with the U.S. from a subject standpoint.
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"We've got to bash a amended occupation of protecting the intelligence properties that we've got. The astir precocious types of technologies that we have, everything we tin bash to dilatory down their transportation with that, protecting against that infiltration oregon de-filtration of truly bully accusation that, close now, they're stealing from america connected a regular basis," Rounds said during a sheet called "China and the U.S.: When Trading Partners are besides Great Power Competitors."
The Ronald Reagan Presidential Library successful Simi Valley, California. (Fox News Digital )
He added that China has nary qualms astir stealing U.S. intelligence spot – which is understood arsenic intangible creations, specified arsenic patents for inventions oregon commercialized secrets specified arsenic tech algorithms. Rounds recalled a caller speech with an ambassador to China who told him their civilization does not recognize "how idiosyncratic tin ain an idea."
Secretary of State Marco Rubio announced past Wednesday that the U.S. volition statesman "aggressively" revoking visas of Chinese students, astir notably those with ties to the Chinese Communist Party who are trained astatine U.S. schools, but instrumentality to China oregon provender U.S. accusation to China.
China has stolen billions successful intelligence spot connected an yearly basis, Sen. Mike Rounds says. (Jakub Porzycki/NurPhoto via Getty Images)
Rounds said the state needed a intermission connected admitting Chinese nationals with CCP ties into elite U.S. schools until an enforceable statement is successful spot protecting intelligence spot and processes from Chinese capture.
"We person Chinese students that travel successful here, and past they [maintain] ties backmost home. And adjacent if they privation to enactment here, 1 of the challenges we person is that their household whitethorn precise good beryllium coerced into requiring them to travel backmost location again. And if that's the case, immoderate of the cognition that we've helped them to make present goes backmost location with them," Rounds said.
"Until specified clip arsenic we're capable to code that, and until specified clip arsenic we're capable to beryllium assured that the accusation that they're getting here, the information that they are catching here, the cognition that they summation present isn't going to beryllium utilized against our young men and women successful the future, we privation to dilatory this down a small bit. Let's conscionable instrumentality a break. Let's not beryllium bringing successful these Chinese students that person ties with the Chinese Communist Party, until we person immoderate benignant of statement successful spot that is enforceable," helium said.
South Dakota Sen. Mike Rounds was a panelist for the inaugural Reagan National Economic Forum successful California. (Fox News Digital )
Rounds explained during the Reagan room forum that protecting U.S. intelligence spot from Chinese theft has a ripple effect connected U.S. efforts to stay the world's subject person arsenic China seeks parity with America.
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"[China is] a strategical challenger for america connected the subject side. They are a near-peer competitor. And they person an vantage implicit america successful 1 peculiar way: They are unified successful presumption of erstwhile Xi Jinping wants to move, it's not conscionable the authorities that moves, but the full remainder of their economical enactment is required to determination the mode that helium wants them to move. We don't person that here. And truthful for us, we person to admit that challenge. Now, I'm not suggesting we spell the absorption that they go, but we person to admit their quality to determination very, precise quickly," helium said.
Chinese President Xi Jinping listens during a gathering successful Hanoi, Vietnam, connected April 14. (AP/Minh Hoang)
The Trump medication leveled tariffs arsenic precocious arsenic 145% connected Chinese goods successful April, and China retaliated against the president's "Liberation Day" policies with tariffs of its own. China and the U.S. reached a preliminary commercialized statement past month, which Trump said China violated successful a Truth Social station connected Friday.
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"I made a FAST DEAL with China successful bid to prevention them from what I thought was going to beryllium a precise atrocious situation, and I didn’t privation to spot that happen. Because of this deal, everything rapidly stabilized and China got backmost to concern arsenic usual. Everybody was happy! That is the bully news!!! The atrocious quality is that China, possibly not amazingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So overmuch for being Mr. NICE GUY!" helium wrote.
President Donald Trump speaks during the National Prayer Breakfast, Feb. 6, 2025, successful Washington, D.C. (AP Photo/Evan Vucci)
Rounds explained that the U.S. is successful the midst of reaching a favorable commercialized woody portion besides acknowledging China has stolen billions of dollars successful intelligence spot for its ain advantage.
"We do, close now, truly adjacent to astir a fractional a trillion dollars a twelvemonth successful economical enactment with China today, but they bargain astir $600 cardinal successful intelligence spot connected an yearly basis. And truthful we person this dichotomy of trying to bash bully commercialized and astatine the aforesaid clip recognizing that they're stealing our property," helium said.
Rounds said the floodgates of accepting and leveraging AI person not yet opened successful the U.S., arsenic galore Americans are inactive hesitant to spot the technology. In specified months and years, however, helium said the wellness manufacture volition spot monolithic overhauls, aided by tech that tin rapidly place crab oregon diagnose diabetes and Alzheimer's. This volition pb American civilization to judge AI and rally the backstage sector's proliferation of it, helium said.
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"I deliberation what the American radical privation to spot is, what's successful it for them? What improves their prime of life? I deliberation 1 of the astir captious issues – that would truly beryllium 1 of the easiest to get into – is talking astir wellness care. And I firmly judge that Americans volition spot AI arsenic a payment to them alternatively than arsenic a situation erstwhile we commencement to spot cures for diabetes, Alzheimer's, Parkinson's and cancers. And those are each wrong reach," Rounds told Fox Digital.
Rounds added during the forum that erstwhile Americans personally consciousness however their prime of beingness has improved owed to AI, "that's erstwhile we'll truly spot the propulsion crossed the state to make AI astatine a complaint that you've ne'er seen earlier by the backstage sector, arsenic well."
"That's what's going to support america up of China," helium said.
Red flags flutter successful beforehand of the Great Hall of the People connected March 4, 2022, successful Beijing, China. (VCG/VCG via Getty Images)
The forum astatine the Ronald Reagan Presidential Library, which is nestled successful California's Santa Susana Mountains and the Simi Hills, kicked disconnected connected Thursday evening, and featured much than a twelve discussions and panels focused connected the economy, artificial intelligence, U.S. defence strategies, the vigor assemblage and much crossed Friday. Banking person Jamie Dimon of JPMorgan Chase, Energy Secretary Chris Wright and erstwhile Treasury Secretary Steve Mnuchin were among those who joined Rounds successful addressing the nation's economical health.
The Reagan library's retired Air Force One pitchy is showcased successful a pavilion. (Fox News Digital)
"The Reagan Library does an fantabulous occupation moving connected defence issues, and present they've besides opened up a seminar fundamentally moving connected economical issues captious to the United States. And truthful to travel successful present and to enactment with different radical that attraction astir the economical well-being of our country, this is an fantabulous spot to bash it.… So it's an accidental for maine to truly larn what's going connected and what different radical are reasoning astir our system successful general," Rounds told Fox Digital of the forum.
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A statue of the erstwhile president astatine the Ronald Reagan Presidential Library.
The league comes as the Senate works to walk the Big Beautiful Bill, which is simply a sweeping multitrillion-dollar portion of authorities that advances Trump's docket connected taxes, immigration, energy, defence and the nationalist debt. Rounds said the authorities indispensable walk oregon Americans volition spot their taxes spike.
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"We don't person a choice. We person to walk the measure to get the Tax Cuts and Jobs Act backmost successful spot connected a imperishable basis. If we don't bash that, the mean American household is going to spot astir a $2,400 a twelvemonth summation successful their taxes. So we person to bash something. And it's captious that we walk this bill. We're going to enactment with the House. We're gonna get this woody done. The Senate volition enactment their people of support connected it, but nonetheless, we privation to bash everything we tin arsenic rapidly arsenic we tin to instrumentality attraction of this truthful that we tin get connected to different things. The president has made it precise wide helium wants to get this done. We privation to assistance successful that regard. This is our job," helium said.
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