Congress Can Help America Fix Its Failed China Policy
Removing trade barriers and reducing U.S. tariffs allowed China’s state-owned enterprises to flood the U.S. with deliberately underpriced goods.
Removing trade barriers and reducing U.S. tariffs allowed China’s state-owned enterprises to flood the U.S. with deliberately underpriced goods.
By Charles Benoit, CPA Trade Counsel In December, the U.S.-China Commission, a group created by Congress to advise on managing the bilateral relationship, formally recommended that China lose its Most-Favored Nation (MFN) tariff status. Referencing the decision to grant China permanent MFN status in 2001, Speaker McCarthy said in remarks on the House floor yesterday…
The U.S. China Economic And Security Review Commission debated ways to better deal with China’s non-market economy in the WTO. Tariffs were part of the solution.