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China Warns U.S. On Trade War Threats

by @ 5:37 pm on March 22, 2010. Filed under China, Economics, Foreign Affairs

The Chinese are telling America that a tariff battle with Beijing will be very unpleasant:

BEIJING – China’s commerce minister warned the United States on Sunday that if it launches a “trade war” against China by levying punitive tariffs on Chinese imports, the United States will suffer the most.

Chen Deming also said the U.S. government’s “obsession” with China’s exchange rate could not be seriously addressed until it stopped blocking the export of high-tech products, such as supercomputers and satellites, to China. “If some congressmen insist on labeling China as a currency manipulator and slap punitive tariffs on Chinese products, then the [Chinese] government will find it impossible not to react,” Chen said in an interview with The Washington Post. “If the United States uses the exchange rate to start a new trade war, China will be hurt. But the American people and U.S. companies will be hurt even more.”

Chen’s comments, made during an interview Sunday, reflect the exasperation within the Chinese leadership regarding the United States’ attempt to push China to allow its currency, the yuan, to rise against the dollar. In addition, Chen’s remarks also underscore how China is seeking to use the current trade dispute with the United States to push its own agenda in Washington — to eliminate, or at least ease, the 20-year-old sanctions that limit American exports to China.

No word on whether or not the Chinese were motivated to make these comments by The Donald.

2 Responses to “China Warns U.S. On Trade War Threats”

  1. The Chinese Communists can go to HELL!

    We need a trade policy that states clearly that if you want access to US markets, then you have to manufacture goods here.

    Corporate executives who have shipped our factories to China ought to be tried for treason, and they would, if it were not for the fact that our trade policies, promoted by both Democrats and Republicans, gave industry every incentive to ship American jobs to China and India, while undercutting US technical labor with the H1B visa program.

    Americans are beginning to feel the economic pain, yet few understand what has happened to them.

    Firing our Congressmen will not fix the problem, but it is a step in the right direction. Corporate-owned puppets like Eric Cantor, who like to say, “Those jobs are gone and they are NEVER coming back!” needs to join the ranks of the unemployed. Perhaps once fired, Eric can find a program where he can re-train as a telemarketer, or a medical coding clerk. It would be interesting to see Eric Cantor try to support his Wyndham mansion on one of the new, low wage, “tech jobs” he could train for while spending thousands at our community college.

  2. We need a trade policy that doesn’t discriminate against American consumers just because they want to buy a product made in a foreign country.

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