From the USA Today (link)
The U.S.-China trade relationship takes center stage this month with a series of politically charged events, including a White House meeting between President Bush and Chinese President Hu Jintao.
The April 20 summit will be sandwiched between a high-level meeting of the countries’ Joint Commission on Commerce and Trade and the expected release of a U.S. Treasury Department report that could for the first time accuse China of manipulating its currency to make its exports artificially inexpensive.
Still, this month’s flurry of activity is expected to have little concrete impact upon the mushrooming U.S. trade deficit with China, which hit $202 billion last year. “I see no prospect of a change that would significantly alter the landscape of U.S.-China trade relations,” says Alan Tonelson of the U.S. Business & Industry Council.
