Business Expert Condemns Trade Bills
The U.S Senate is pushing two bills regarding the United States ? China trade, and China business expert Jim Trippon has a lot to say. U.S politicians are against the trade with China, and are fighting what they regard as a Communist entity. According to Trippon, although China is a communist country the business approach by China`s leaders is a strict capitalist one, and by working against the China trade, American politicians are fighting capitalism. The new Senate bills could not have come in worst timing, as China`s President`s visit to the U.S approaches.
The U.S. trade deficit has reached an all time high of $726 Billion, $202 Billion of which is with China. However, since 1997, U.S. exports to China have soared by 145%. China Stock Digest Editor-in-Chief Jim Trippon says, ?American exports to China have been growing at a rate that is seven times faster than U.S. exports to the rest of the world. This is not a time to start a trade war with the Chinese. This is a time to continue our strong growth and begin to trim our bloated trade deficit.?
?It may be news to most American politicians, but fighting against trade with China is fighting against capitalism,? Trippon said. So why have Senators Byron Dorgan and Lindsey Graham proposed a bill meant to embarrass the Chinese by forcing an annual vote on their permanent normal trade relations status? Worse yet, Senators Graham and Charles Schumer have proposed a bill punishing China with a 27.5% levy on imports. Why would these Senators want to punish the Chinese when U.S. trade with the Chinese is one of our few success stories? According to Trippon, ?Perhaps it is because they are more interested in politics than progress.?
Trippon predicts that anti-Chinese political rhetoric will rise to a crescendo as Washington prepares for a visit by Chinese President Hu Jintao on April 20th.
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