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Reply #22: Not much because [View All]

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msgadget Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 04:34 PM
Response to Reply #10
22. Not much because
the Chinese are only evil if a Dem talks to them. Check out this article:

>US rejects fair-trade case against China
(Xinhua)
Updated: 2004-04-29 15:11

The Bush administration announced Wednesday that it has decided against launching unfair trade investigations into China's currency practices and alleged violations of labor rights.

While announcing the decision, officials said that the US government had a better approach to get China to change its trade practices than threatening to impose punitive tariffs on Chinese imports into the United States.

The decision means that a complaint filed by organized labor in early March will not be accepted by the administration. The union movement had sought the imposition of tariffs of as much as 77 percent on Chinese products, charging that China was brutally repressing worker rights.

At the same time, the administration also announced that it will not look favorably on a case that American manufacturers have considered filing against China's currency policy. US manufacturers contend that China's practice of linking its currency to the dollar has undervalued the Chinese currency by as much as 40 percent, giving Chinese manufacturers a huge competitive advantage against US companies. <

http://www.chinadaily.com.cn/english/doc/2004-04/29/content_327372.htm
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