U.S. Urges China to Take Steps to Reduce Trade Deficit

April 11, 2006 – A Chinese delegation headed by Vice Premier Wu Yi is scheduled to meet with Commerce Secretary Carlos Gutierrez and U.S. Trade Representative Rob Portman today for the annual meeting of the Joint Commission on Commerce and Trade.

In an effort to ease tensions over China’s $202 billion surplus with the U.S. before Chinese President Hu Jintao’s visit to the U.S., Wu’s delegation is expected to buy American jetliners, computer programs and farm products while touring the U.S. this week. However, the Bush administration must still force China to address their undervalued currency and unfair trade practices if the record trade deficit is to ease.

The Bush administration has recently increased rhetoric about taking action to halt China’s unfair trade practices, but as of yet there has been very little action taken to address the issue.

Read the entire Associated Press article.

Share and Follow: