The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (53249)	2/9/2006 2:01:32 PM
From: shades	Read Replies (1) of 110194

DJ US Senators Seek To End China's Favored Trade Status . By John Godfrey Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Sens. Lindsey Graham, R-S.C., and Byron Dorgan, D-N.D., announced Thursday legislation that would revoke permanent most-favored nation trade status for China. Under the legislation, Congress would have to vote annually to grant China "normal trade relations" with the U.S. Dorgan and Graham said China had "cheated" consistently since the U.S. granted it permanent normal trade relation status in 2000. "There's nothing normal about this," Dorgan said. "This relates to a massive number of American jobs and American enterprise being shipped overseas in circumstances of trade that are fundamentally unfair because that is the way China wants it," Dorgan said. "They change only when you make them," Graham said. Legislation offered by a first-term Republican and a Democrat from a state with just 634,366 residents wouldn't normally cause concern for a nation of 1.3 billion. But Graham was the one who, with Sen. Charles Schumer, D-N.Y., overcame Bush administration objections and won a surprise 67-to-33 vote in the U.S. Senate in April 2005 for legislation that would impose a 27.5% tariff on Chinese imports. The tariff bill has gone nowhere since, but forced the Bush administration to take congressional concerns about U.S.-China trade relations more seriously. The vote also has been credited as one of the reasons behind China's decision last summer to make modest changes to how it values it currency. (MORE TO FOLLOW) Dow Jones Newswires February 09, 2006 12:46 ET (17:46 GMT)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next