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
When we get another Clintoon in the WH, she can give them the stuff that hubby forgot to give them.
I know Thompson's has been somewhat a critical of china, but what exactly is Fred's stance now.
Wake up America!!
B4DH
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Why the smart money is on Duncan Hunter
http://www.freerepublic.com/focus/f-news/1926032/posts
Posted on 11/15/2007 3:43:17 AM PST by Kevmo