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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (5172)4/28/2004 2:39:27 PM
From: mishedlo  Read Replies (1) of 116555
 
U.S. rejects labor complaint on Chinese labor rights
By Rex Nutting
WASHINGTON (CBS.MW) -- The White House rejected a petition Wednesday from the AFL-CIO complaining that China's denial of workers' rights is an unfair trade practice under U.S. law. "Accepting these petitions would take us down the path of economic isolationism, a path we would not take," said U.S. Trade Representative Robert Zoellick. The Bush administration announced a joint U.S.-China investigation into China's labor practices. Treasury Secretary John Snow said he would dispatch Undersecretary John Taylor to Beijing next month to press the Chinese to drop its currency peg to the U.S. dollar.
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