"Unfair and Predatory"
Posted by jeckert on 08/05/2010
"Unfair and predatory." Those are the words that Sen. Barbara Mikulski (D-MD) used to describe China's international trade practices. And for good reason. NewPage's Luke Mill in Maryland, has finalized plans to lay off 90 workers. An Economic Policy Institute (EPI) report commissioned by AAM indicates that paper production in China has tripled over the past 10 years. Additionally, the report finds that between 2002 and 2009, China has subsidized its paper industry with over $33.1 billion. According to the Cumberland Times-News:
"Last week, Mikulski and the state’s other senator, Ben Cardin, joined 98 other members of Congress in sending a letter to President Obama asking that the administration investigate subsidies given to China’s paper industry by the Chinese government that could significantly gouge a share of the United States paper trade market."It is critical that the Obama Administration take steps to hold China accountable for unfair subsidies that are putting American workers and businesses in jeopardy. Read more.
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