China's exports to the United States continue to surge because China is subsidizing its currency on an unprecedented scale. |
In effect, the Chinese government subsidizes exports by 40 percent. |
The continued low-priced, high-volume assault on the U.S. market by Chinese activated carbon is destroying the profitability of the domestic industry, despite its best efforts to reduce costs and maintain pricing and profits. |
This is as clear as the nose on your face, but yet the Administration won't acknowledge it. |
We have low expectations for the trip and doubt anything will result. |