China is an economy growing at roughly 10 percent per year, they should be pulling in U.S. exports like crazy. That's not happening. I think you have to attribute it: (a) to China's highly protectionist economic system and (b) to the American failure to open up Chinese markets. |
I see no prospect of a change that would significantly alter the landscape of U.S.-China trade relations. |
It is clearer than ever that America's domestic manufacturers cannot count on any help from the White House to remedy this totally unacceptable situation. |
Neither movement is going to have any appreciable effect on the relative prices of U.S. and Chinese goods, |
The January trends spotlight the continued decline of national competitiveness in industries of the future such as high-tech. |
The overwhelming majority [of U.S. manufacturing industries] have lost market share to foreign competition. |
This indicates that there's not a lot of U.S. content in many of these Japanese-brand engines, and that many of them will be assembled in a new U.S. facility, and not genuinely manufactured. Assembly would of course generate much smaller benefits for the local and U.S. economies. |
This is a total reversal of Henry Ford's landmark insight, |
This is a total reversal of Henry Ford's landmark insight. |
This is a very difficult balancing act. |
We are looking to Congress, ... It is clearer than ever that America's domestic manufacturers cannot count on any help from the White House to remedy this totally unacceptable situation. |
We emphatically reject the idea that the only way we can restore our competitiveness is to reduce our level of taxation to Third-World levels. |
We expect to convert congressmen and their staffs to our own view point in trade policy, |
We have had 15 years of Chinese promises to improve intellectual property protection. They have all proved to be false. |
We just don't see how current U.S. strategy is going to reverse these very dangerous trends. |