Bush Administration takes tough stand to enforce U.S. trade policies with China, stop China's unfair trade practices & lower trade deficit with China.
After the long, lax Clinton years and some measure of increased controls during this administration's first 5 years, President Bush is finally taking a very strong stand in U.S. trade relations with recalcitrant China.
Our trade imbalance with China has reached an all-time high and China still pirates copyrighted properties, produces knock-offs of every U.S. manufactured thing under the sun, manipulates its currency to its trade advantage, and dumps more and more slave-labor-produced cheap goods into American markets. All of which gives them an enormous advantage over American factories and workers.
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"The Bush administration on Tuesday announced it will step up enforcement of U.S. trade laws governing China, following a top-to-bottom review of America's trading relationship with the Asian giant. The increased enforcement will be led by a new chief counsel for China trade enforcement within the office of U.S. Trade Representative Rob Portman....
"The time has come to readjust our trade policy with respect to China," Portman said. "As a mature trading partner, China should be held accountable for its actions and required to live up to its responsibilities, including opening markets and enforcing intellectual property rights."
Portman vowed to "use all options available" to meet this goal....
The administration's announcement followed news last Friday that America's trade deficit with China rose to $201.6 billion, the largest deficit the United States has ever incurred with a single country...."