China Is Told of U.S. Impatience on Trade – David Lague

From the New York Times (link)

The rise of protectionist sentiment in the United States over a $202 billion trade deficit with China could hurt the Chinese economy, Commerce Secretary Carlos Gutierrez said Wednesday.

Mr. Gutierrez said at a business forum here that protectionist measures could lead to a decline in Chinese exports to the United States, its biggest international customer.

That would hurt the United States, but be even more damaging for China, he said.

Mr. Gutierrez said China could help the Bush administration counter that threat with improved market access for United States products and stricter enforcement of intellectual property rights.

March 30, 2006 3:27 PM
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Categories: Economy