Tuesday, February 13, 2007

More Trade Deficit Politics

. Tuesday, February 13, 2007

According to the Washington Post, "Increasing the pressure on Beijing, a bipartisan group of senators introduced legislation yesterday that would revoke China's permanent normal trade relations with the United States. That would restore the system, in place until 2001, that forced China to pass congressional review of its trade practices each year to maintain unhindered access to the American market.

The Bush administration is scrambling to stay ahead of congressional demands for action on China. Earlier this month, the administration announced that it would pursue a case against China at the World Trade Organization for allegedly subsidizing exports, a process that could eventually allow the United States to impose retaliatory tariffs."

My favorite nonsense quote: "If President Bush deserves blank-check trade negotiating authority from Congress with this record, then Paris Hilton deserves to be Girl Scout of the Year," declared Alan Tonelson, a research fellow at the U.S. Business and Industry Council, an advocacy group that opposes the administration's trade policies."

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More Trade Deficit Politics
 
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