What lies behind anti-China rhetoric in Congress?

By John Ross
0 CommentsPrint E-mail China.org.cn, September 27, 2010
Adjust font size:

Arguments put forward in the US Congress to justify calls for tariffs on Chinese imports have so little economic logic they are clearly not the real reason for the proposals.

Speaker of the House of Representatives Nancy Pelosi claims proposed tariffs against China are a "key part of our Make It in America agenda." She argues that forcing China to revalue the RMB "could create a million US manufacturing jobs" and would "cut our trade deficit with China by $100 billion a year, with no cost to the US treasury."

Magic growth formula    [By Jiao Haiyang/China.org.cn]



To see the senselessness of this argument it is sufficient to note that the U.S. does not produce, nor could it profitably produce, most of the goods that it imports from China. If tariffs were imposed on China, similar low-priced products would be imported from Mexico, India or Vietnam. No jobs would be created in the U.S., for the simple reason that US workers cannot be hired for the wages paid in China, India, Mexico or Vietnam.

On the contrary, a trade war would lead to a net loss of US jobs. Any country facing trade sanctions inevitably retaliates – not to do so would invite further sanctions. And China would not take action against non-existent US cheap toy manufacturers, but against sectors where the U.S. is competitive – farm products and high-tech.

The U.S., therefore, would not gain any jobs by blocking Chinese imports – the jobs would go to Mexico, India or Vietnam – and would lose jobs in farming, high tech and other competitive industries. The net result would be less US jobs.

So if the economic case makes no sense, what are the real reasons for the Congressional moves?

One obvious answer is the Congressional elections. Politicians love to distract attention from social problems by blaming some group or other. In France we have seen President Sarkozy, plummeting in the polls, ordering the expulsion of Roma – and being condemned by the European parliament. Not only are such expulsions illegal in the European Union, but they are totally irrelevant to the economic issues confronting France. In the U.S., some politicians have decided that the role of scapegoat should be assigned to China. It is a common and disreputable type of politics.

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲视频在线观看网址| 国产乱子伦农村叉叉叉| aa毛片免费全部播放完整| 成年人在线播放| 久久亚洲精品无码| 极品性放荡的校花小说| 亚洲欧美中文字幕| 特级做a爰片毛片免费看无码| 午夜影院免费观看| 老熟女高潮一区二区三区| 国产叼嘿久久精品久久| 免费看片在线观看| 国产精品亚洲综合一区在线观看 | 国产精品正在播放| 99国产成+人+综合+亚洲欧美| 好男人好资源在线| 三上悠亚日韩精品| 成在人线AV无码免费| 中文精品北条麻妃中文| 日本在线高清视频日本在线观看成人小视频| 亚洲av无码国产综合专区| 糖心VLOG精品一区二区三区| 国产三级精品三级在专区| 高清一区高清二区视频| 国产影片中文字幕| 精品久久久久久婷婷| 国产精品久久久久久搜索| 2021国产精品视频网站| 国产色司机在线视频免费观看| 99久久人妻无码精品系列蜜桃| 天天做天天摸天天爽天天爱| gogo全球高清大胆亚洲| 女人18毛片a级毛片免费视频 | 全部在线播放免费毛片| 精品人妻系列无码一区二区三区 | 色一乱一伦一图一区二区精品| 国产伦精品一区二区三区视频金莲| 高清国产一级毛片国语| 国产尤物在线视精品在亚洲| 麻豆va在线精品免费播放| 国产成人精品无码专区|