Friday, November 16, 2007

Trade With China

Hunter is the only Republican candidate concerned about China cheating on trade. You can find information about that in various blog posts throughout this month. His page on the issues says this:

Trade
Further, America’s one-way-street trade relationship with China and other nations has reduced manufacturing jobs severely in the U.S. I would change the one-way-street into a two-way-street by putting the same charges on foreign goods that they put on ours.

Here are several interesting articles out about China:

Trade jitters, anti-China sentiment rouse voters

PITTSBURGH (Reuters) - It could be expected that Iraq would play a big role in the 2008 U.S. election campaign. But if recent populist rallies are an indication, another country may be rousing even more anger from voters: China.

In all corners of an overflowing convention room this week in the industrial Rust-Belt city of Pittsburgh, voters, union officials and company executives alike railed against unfair trade -- and demanded U.S. politicians do something.

"Our government refuses to stand up to the Chinese and make a level playing field," John Ratzenberger, a television actor headlining the event, told about 800 factory workers and concerned voters, to applause.

(excerpt...see
http://news.yahoo.com/s/nm/20071114/pl_nm/usa_politics_trade_dc_2)

Panel Says Chinese Spies Top Tech Threat

WASHINGTON (AP) — A congressional advisory panel said Thursday that Chinese spying represents the greatest threat to U.S. technology and recommended counterintelligence efforts to stop China from stealing the nation's manufacturing expertise.

The U.S.-China Economic and Security Review Commission also said in its annual report to Congress that small and medium manufacturers, which represent more than half the manufacturing jobs in America, "face the full brunt of China's unfair trade practices, including currency manipulation and illegal subsidies for Chinese exports."

China's economic policies create a trade relationship that is "severely out of balance" in China's favor, said the commission, which Congress set up in 2000 to investigate and report on U.S.-China issues.

(excerpt...see
http://ap.google.com/article/ALeqM5jZZKrQszTnCrVHedQoazSUulMrvAD8SU7MOG0)

Multinational CEOs oppose congressional attempts to punish China on currency

WASHINGTON, Nov. 15, 2007 - More than 100 CEOs from retail, manufacturing, financial services and other companies told members of Congress this week that they oppose any attempt to deal with issues related to the safety of China's exports, the value of China's currency, or other controversial issues with legislation that would penalize Chinese imports.

'We are opposed to bills that establish unilateral trade penalties that will likely be found to violate our international obligations and invite reciprocal actions,' the letter said. 'We urge you as leaders of Congress, not to take action that could undermine U.S. competitiveness and jeopardize national interests and goals, particularly with respect to a nation as important as China.' For the past several weeks, it has become clear that the Democratically controlled Congress will not be ready this year to agree to or pass any China bill dealing with currency or food safety. But the letter -- signed by a range of companies such as Best Buy, Coca-Cola, General Electric, Microsoft, Target and Visa -- is seen by many as an attempt to ward off legislation next year, when election-year politics could drive efforts to punish China.

'As we get closer to the election, there's going to be the attempt to embrace rhetorical excess as we address China,' said Bill Lane, the Washington director of government affairs for Caterpillar, whose CEO also signed the letter.

(excerpt...see
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21019328.htm)

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