Go Duncan!
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Posted on 11/20/2007 8:37:23 AM PST by AuntB
California Republican lawmaker Duncan Hunter, ranking member of the House Armed Services Committee, said a newly released U.S.-China Economic and Security Review Commission report "validates my concerns that America's defense industrial base is moving to China."
Hunter has long favored stronger export controls on American military components and so-called "dual-use" items, or goods with both commercial and military applications, to China.
"China is using American trade dollars to arm at the same time the Department of Defense is failing to monitor the outsourcing of critical American military components," he said in Nov. 15 statement.
The commission's book-length report also criticized the Chinese government's interference in certain economic activities and industries, making it difficult for U.S. industry to fairly compete in the growing Chinese market. The commission, a bipartisan group of 12 commissioners created by Congress to analyze the economic and national security relationship between the United States and China, unanimously approved 42 recommendations to Congress for further action. The commission based its recommendations on the results from seven hearings; trips to China, Taiwan, and India; original research; and consultations with economic, intelligence, and military agencies.
The report acknowledged that China has improved its adherence to non-proliferation agreements during the past several years. However, Commission Vice Chairman Daniel Blumenthal said China continues to build its military capacity and sophistication with the intent to challenge the United States. He also expressed concern at "China's willingness to invest in and sell weapons to Iran and Sudan, both countries with abysmal human rights records."
SC Debate: Duncan Hunter on Trade and China.
www.youtube.com/watch?v=nDoO_TcpysE
Duncan Hunter: “China is cheating on trade, and, in the process, it is buying ships, planes and missiles with American trade dollars, demonstrating that this is not merely a trade issue, but also a security issue. And how is China cheating?
When we enter into a trade deal with China, its manufacturers are given a 17 percent subsidy for exporting their products to the United States. When American products arrive on China’s shores, they are immediately levied with a 17 percent tax. Then China devalues its currency by 40 percent.
In order to remain competitive, we must eliminate this disparity and level the playing field for U.S. manufacturers. My administration will stand up to China and other nations by placing countervailing duties against their products when they break the rules. Further, my administration will engage in what I call “mirror trade.” A nation that places a 20 percent tariff against U.S. goods will see a reflection of their tariffs when its products reach our shores.’
http://towncriernews.blogspot.com/search?q=China
So that is where the term "Free Trade" comes from!?!?
Free for them, but not for us!
Thanks for the ping!!! ;*)
You got it!
I think “Fair Trade” has a much better ring to it!
Uh, someone needs to explain to Duncan who exactly is off-shoring American industry. It's not China.
I was wondering when the country would start waking up to this. China has the luxury of focusing their money anywhere they want without concern politics. That gives them a huge advantage on spending resources on their military while our politicians argue over their earmarks. It’s just a matter of time.
I was wondering when the country would start waking up to this. China has the luxury of focusing their money anywhere they want without concern for politics. That gives them a huge advantage on spending resources on their military while our politicians argue over their earmarks. It’s just a matter of time.
How does 30% unemployment harmonize with that ring?
“Uh, someone needs to explain to Duncan who exactly is off-shoring American industry. It’s not China.”
*************
It’s greedy businessmen looking for cheap foreign labor, and everything Hunter said about Chinese protectionist policies.
Building a military under a government that doesn’t answer to anyone is a lot easier than our system of checks and balances. One could say our system is our strength, but at the same time it could be a weakness. When you have to devote large resources to entitlements, infrastructure and social issues, while the other guy is spending all his money on ships, bullets, missiles and aircraft, the military advantage goes to the guy buying the bullets.
Thanks for all you do, Antoninus. - OB1
“When we enter into a trade deal with China, its manufacturers are given a 17 percent subsidy for exporting their products to the United States. When American products arrive on China’s shores, they are immediately levied with a 17 percent tax. Then China devalues its currency by 40 percent.”
I have been to China several times, and done some business there. The Chinese govt. is playing us for suckers. Hunter seems to be the only one with this understanding, or at least, the only candidate with the guts to spell it out.
When we get another Clintoon in the WH, she can give them the stuff that hubby forgot to give them.
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