March 8, 2006 – Showing a complete disregard for the urgency and importance surrounding the United State’s massive trade deficit with China, China’s foreign minister has said that China’s exports actually help the U.S.
The foreign minister’s main argument for his statement: Chinese-made Christmas trees help the U.S. environment.
China’s trade surplus with the U.S. hit a record $201 billion dollars last year as a result of China’s unfair trade practices – leading to plant closures and massive job loss in the U.S.
This has lead to increased pressure on Congress and the Bush administration to put a halt to China’s currency manipulation, substandard working conditions and copyright piracy.
In order to reduce the U.S.’s dangerous trade deficit – overall and with China – the AFL-CIO has proposed a temporary across-the-board import surcharge on most imports.
Read the entire Associated Press article.