President Obama Will Be Going to China

Posted by scapozzola on 11/10/2009

President Obama will be visiting China from Nov. 15-18 for discussions that include such thorny issues as trade agreements and climate change.  This may be a contentious meeting, with China recently voicing concern over U.S. trade measures.  Ironically, China has been "deflecting criticism" lately of its own mercantilist trade practices.   There's much to discuss though, and ManufactureThis  humbly submits that China is the guilty party.  Some of the key U.S.-China problems facing President Obama include: -Massive, ongoing subsidies for China's steel and glass producers;   -A huge bilateral trade imbalance, which has reached 83% of our non-oil goods trade balance;   -Ongoing, currency manipulation that distorts world markets;   Last Friday, the Commerce Department released figures showing the U.S. unemployment rate rising to 10.2% in October, with the manufacturing sector alone losing 61,000 jobs.    Simultaneously, controversy has arisen over the use of stimulus funds to purchase Chinese-made wind turbines.  As AAM's Scott Paul noted in a letter to President Obama, these turbines can be built in the U.S., and, as such, the U.S. should be investing heavily in domestic clean energy manufacturing. The U.S. must achieve more balanced trade with China, however.  The nation is hemorrhaging manufacturing jobs, and a key way to stop the bleeding is to squarely address China's dumping, subsidies, and illegal currency manipulation.

1 comment

ProudlyMadeInAmerica wrote 3 years 27 weeks ago

As I document on my blog at

As I document on my blog at www.ProudlyMadeInAmerica.com, China is guilty party. China puts in a stimulus plan which increases their steel production by over 40% at a time when the world is using less steel. Then they dump those products on the world market and pretend they did nothing wrong. The thing that makes me sick about all this is that it is our dollars that is funding China's ability to do what they are doing.

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