[AuntB]

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

[Just A Nobody]

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

So that is where the term "Free Trade" comes from!?!?
Free for them, but not for us!

Thanks for the ping!!! ;*)

[Realism]

level the playing field for U.S. manufacturers

Uh, someone needs to explain to Duncan who exactly is off-shoring American industry. It's not China.

[charles m]

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.

Please provide a source for your data. Sounds like BS.

[Constitution1st]

But mirror trade is not conservative, and not a good economic policy! My children have studied economics at the Foundation for Economic Education, and this is a disastrous policy.

In China, they have a thriving capitalist economy, and where they have that, freedom will follow. It is just a matter of time.

In China, their servicemen have formed an underground organization, that is voicing opposition to the government; soldiers who have been demobilized are supposed to have jobs and benefits. What is happening is that the companies that were owned by the government are being moved into the private sector, and they are having trouble finding jobs for all of them.

Also there was a law passed that the Chinese can now own private property. And there are reports in some churches in America that they are becoming Christian as well!

So I think that the Chinese will not stay our enemy if these events fall into place. And if that be the case, this policy of Hunter's is once again, not a good policy to pursue.