ECON201_EC_China Trade

ECON201_EC_China Trade - undervalued Chinese currency. The...

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Ryan Stevens Economics 201A, Tuesday 6:45-10:30 Extra-Credit Topic: Trade Policy “Report Criticizes China’s Trade Policies” The San Francisco Chronicle December 11, 2006 China’s Trade and The Effect On The U.S. On Monday the Bush administration warned China that if China did not open its markets, the U.S. would raise tariffs against China. Five years previous China committed to keep the markets open at the World Trade Organization meeting. The U.S. threats China with bringing cases against China to the WTO. The barriers that are being placed on the U.S. are harming American exports and financial services in China. Henry Paulson, Ben Bernanke, and others will gather to talk about the trade issues and the
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Unformatted text preview: undervalued Chinese currency. The Chinese currency is a major player in the U.S. trade deficit. I think that the U.S. is right in criticizing the Chinese about their trade policy. The U.S. has made a previous agreement with China and the Chinese need to follow through on their promise. The U.S. practices an open market with China so that their goods can be affordable and our businesses need an open market to operate efficiently in China. If the Chinese falter on their promise, I think that the U.S. has no choice but to inflict tariffs on the Chinese. This will cause the Chinese to think differently and hopefully change their trade policies....
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This note was uploaded on 07/11/2009 for the course HIST 101 taught by Professor Mr.smith during the Spring '09 term at CSU Sacramento.

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