WASHINGTON (AFP) – Amid deep, election-year anger at China, a US lawmaker has introduced a bill aimed at stripping Beijing of a special trade status given to key partners and overhauling the two powers' commercial ties.
Democratic Representative Brad Sherman's proposal, unveiled Wednesday, calls for revoking China's "permanent normal trade relations" (PNTR) standing, which lowers US duties on its goods to the level enjoyed by other key partners.
"The US-China trade relationship is horrendously lopsided, and it has not lived up to the promises of those who encouraged us to give preferential trade treatment to China," he said in a statement.
Answer by UpSheRises at 12:18 PM on Aug. 6, 2010
Answer by yourspecialkid at 1:39 PM on Aug. 6, 2010
Answer by lovinangels at 3:06 PM on Aug. 6, 2010
Answer by specialwingz at 12:11 PM on Aug. 6, 2010
Answer by Sisteract at 12:24 PM on Aug. 6, 2010
Sure piss off the people that own, and buy up our debt. Not a smart move.
Answer by Natesmom507 at 2:44 PM on Aug. 6, 2010
Answer by itsmesteph11 at 12:20 PM on Aug. 6, 2010
Answer by LiliM at 9:44 PM on Aug. 6, 2010