U.S.-China Dialogue didn’t address underlying problems
Posted by jswain on May 24th, 2007If you didn’t catch AAM’s Scott Paul on CNBC’s “Closing Bell” yesterday here is a little of what he had to say during a “roundtable” discussion that included China scholar Robert Kuhn:
“It’s very disappointing that the talks didn’t deal with any of the underlying structural problems of our trade relationship with China….We’re talking here about the agreements that China made to gain access to the U.S. market when it entered the WTO. It said it would stop subsidizing its industries, stop dumping its products, and appropriately regulate its industries. It’s broken virtually all of those promises.”
“We argue that if you actually counter China on its unfair trade practices, it’s going to respond and we’ll have a level playing field for our workers….We have trade rules on the books for a reason, to ensure our workers and producers have the same opportunities as their competitors overseas.” (click here for the full discussion)
Scott wasn’t the only one dissappointed. Much of today’s news coverage of the U.S.-China points out that Congressional leaders also feel there was a lack of progress.
In his CNBC appearance, Scott also pointed out the findings of the study AAM released this week - Enforcing the Rules - which found that the economic gains of enforcing trade laws outweigh by more than 50 times any so-called benefit from artificially low priced imports into the U.S.

