"Words that make actions speak louder."
Since China joined the World Trade Organization (WTO) our country’s balance of trade has gotten worse and worse and we have lost jobs and jobs (and money and money). Between 2001 and 2008 we lost 2.4 million jobs just to China. Normally a situation like this balances out because China’s currency would rise, making goods […]
The US-China Strategic and Economic Dialogue has concluded. It is remarkable for two countries to engage in a dialog such as this, and efforts like this to constructively manage differences can both help keep conflict from arising and help both countries achieve economic success. Bravo! But China has its interests and we have ours, and […]
China argues that some American companies will suffer if China stops subsidizing manufacturing and adjusts their currency to market levels. They’re right. The fight over Chinese violations of trade rules is also another story about Wall Street and big, monopolistic corporations vs Main Street and American workers. China Daily today says China’s huge export surplus […]
In Pittsburgh today, U.S. Trade Representative Ron Kirk announced that the Obama administration will take a more aggressive approach to supporting American industrial workers through greater protection of labor rights and more aggressive monitoring of overseas trade practices. In a speech unveiling new initiatives for trade enforcement, Ambassador Kirk promised that his office would begin […]