"I'm 100% confident that the Chinese make the best new energy vehicle," said Bush. "I've been on a tour of the Chery manufacturing plant in Wuhu and know the team there very well."

Bush said that this protectionist stance through increasing tariffs not only limits consumer access to high-quality, affordable products but also stifles innovation and competitiveness within the U.S.

He believes the notion that tariffs protect American industries is fundamentally flawed. Instead of benefiting the domestic market, they create an environment where consumers face higher prices and fewer choices.

"It's unfortunate," said Bush. "Republicans used to believe in having open access, having free and open trade, as long as it's fair trade."

In a globalized economy, where collaboration and mutual benefits are paramount, the idea that one country's gain must come at the expense of another is a zero-sum game. "That's not right," Bush added.

Furthermore, Bush underscored that America's historical engagement with China has fostered mutual economic growth, with both nations reaping rewards from globalization. As the largest economy globally, the U.S. has benefited significantly from its trade relationships, particularly with China, which has played a pivotal role in driving economic progress.

"Our major partner in globalization has been China," said Bush. Embracing fair competition and open trade can yield a win-win scenario for both nations, benefiting consumers, stimulating innovation, and ensuring a prosperous future in a globally interconnected economy.

As global trade continues to evolve, fostering open dialogue and embracing fair competition will be crucial for sustaining economic growth and ensuring a prosperous future for both the U.S. and China. A win-win approach is not just possible - it's essential.