久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

US aims to address China trade deficit
(AP)
Updated: 2006-02-21 08:45

The US administration's new get-tough approach with China could involve filing trade charges against the Asian giant over auto parts and copyright piracy and branding the Chinese as currency manipulators. But the betting is that the harder line won't have much impact, at least right away, on the soaring US trade deficit, which hit an all-time high of $726 billion last year.

It is that deficit that is getting a lot of attention in Washington, especially the one-fourth of the deficit that is accounted for by a single country — the $202 billion trade gap with China.

That figure prompted howls of protest in the US Congress. Lawmakers contended it showed President Bush is not doing enough to counter China's "unfair" trade practices, which they contend have contributed to the loss of nearly 3 million US manufacturing jobs since mid-2000.

Lawmakers rushed to introduce more bills to slam China with tough economic sanctions.

Hoping to head that off, the administration last week unveiled its own get-tough strategy, a 29-page "top-to-bottom review" of trade relations between the two nations.

US Trade Representative Rob Portman announced the creation of a new China enforcement task force in his office. He indicated that without progress soon in two areas of tension — high Chinese tariffs imposed on American auto parts and widespread copyright piracy of American products — the administration would probably file unfair trade cases against China before the World Trade Organization.

US Treasury Secretary John Snow did his own tough talking last week, sending hints that the administration was considering designating China as a currency manipulator in a report it must make to Congress in April.

That designation would trigger talks between the two nations and could ultimately lead to trade sanctions if the United States won a WTO case on the issue. The administration for more than a year has resisted pressure to make such a designation, arguing that it could make more progress with quiet diplomacy to nudge China to stop depressing the value of its currency in relationship to the U.S. dollar.

American manufacturers claim China is manipulating its currency, keeping it undervalued by as much as 40 percent, to make Chinese goods cheaper for American consumers and US products more expensive in China.

Sens. Charles Schumer, D-N.Y., and Lindsey Graham, R-S.C., are sponsoring legislation that would impose across-the-board penalty tariffs of 27.5 percent on Chinese goods unless the Chinese stop the practice.

That measure is just one of a number of bills that would seek to impose penalty tariffs on Chinese goods, higher tariffs that would be paid by American consumers.

"This would be a tax increase on low and middle-income Americans," said Dan Griswold, a trade expert at the Cato Institute, a Washington think tank. "They are the ones who are buying the shoes and clothing and toys coming from China."

But given that this is a congressional election year, analysts said the pressure is likely to keep building in Congress to retaliate unless China makes changes in its trade policies.

China will have several opportunities to do so in the near future, starting with a visit April 11 of top Chinese economic officials to Washington to discuss with their US counterparts ways to relieve trade tensions.

And on April 24, Chinese President Hu Jintao will make his first official visit to Washington.

"The Chinese would be smart to move," said Frank Vargo, vice president for international trade at the National Association of Manufacturers. "It would head off trade angst in this country and head off potentially damaging legislation."

But even if China does act, analysts caution that the changes being discussed would not do much to lower China's trade deficit with the United States, in large part because the gap is so wide. For every $1 in exports the United States sold China last year, China sold the United States $6 in goods.



Hu, Musharraf meet
New semester starts in China
President Hu meets with Musharraf; Agreements inked
  Today's Top News     Top China News
 

Musharraf: We'll bring killers of three Chinese to justice

 

   
 

Bush: US on verge of energy breakthrough

 

   
 

Nations 'benefit from China's growth'

 

   
 

EU to impose 20% duties on shoes from China

 

   
 

Premier guarantees change in rural areas

 

   
 

China bans bird imports from flu-hit countries

 

   
  China, Pakistan sign sweeping agreements
   
  Methadone therapy to curb spread of AIDS
   
  50% of pandas funded by individuals, private sector
   
  China faces uphill task on job creation in 2006
   
  This year will see end of power shortages
   
  China: Stable energy supplies a priority
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 欧美一级片免费在线观看 | 国产乱子伦露脸对白在线小说 | 国产亚洲自拍一区 | 521a久久九九久久精品 | 日本视频在线观看不卡高清免费 | 亚洲欧美日本视频 | 在线亚洲欧美日韩 | 91老色批网站免费看 | 一级毛片在线播放 | 国产乱弄视频在线观看 | 亚洲人成影院午夜网站 | 一区二区三区中文国产亚洲 | 欧美第一视频 | 波多野结衣一区二区 | 午夜欧美日韩在线视频播放 | 自拍一区在线观看 | 国内一区 | 日韩中文字幕免费观看 | 中文精品久久久久国产网址 | 91aaa免费免费国产在线观看 | 毛片中文字幕 | 国产女人在线视频 | 亚洲国产二区三区久久 | 久久久久国产视频 | 一区二区亚洲精品 | 中国国产一级毛片视频 | 亚洲国产一区二区a毛片日本 | 免费国产午夜高清在线视频 | 国产91久久精品 | 在线播放亚洲精品 | 国产亚洲福利 | 亚洲第一免费 | 国产成人免费在线观看 | 久色福利 | 性色网址| 国产一级a毛片 | 国产在线精品福利一区二区三区 | 中文字幕一区二区三 | 国产欧美一区二区成人影院 | 亚洲视频免费在线看 | fc2久久 |