
February 16th, 2005, 02:52 AM
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Shrapnel Fanatic
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Join Date: Dec 2000
Location: USA
Posts: 15,630
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Re: OT (or is it?): American Imperialism
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... Free Trade are Sinking American Living Standards. In this interview, he explains how recent international trade agreements -- particularly with China -- have
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Trade with China complete story.
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Another major source of friction between the U.S. and China has been the fairly frequent American charge that Chinese producers are guilty of dumping -- that is, producing exports and selling them in the U.S. below the price in China, or below what it costs to manufacture and ship abroad.
In recent years, U.S. companies in a variety of industrial sectors have brought trade complaints to the International Trade Commission (ITC), an independent, nonpartisan, quasi-judicial federal agency in Washington that provides trade expertise to both the legislative and executive branches of government, determines the impact of imports on U.S. industries, and directs actions against certain unfair trade practices, such as patent, trademark, and copyright infringement. The American companies have accused Chinese companies of dumping everything from shrimp to household goods like brushes and plastic bags, from tissue paper and bedroom furniture to color television sets.
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If you can, watch the Front Line story on this. It is very enlightening and will explain much. Not only is the US market being hurt, but so is the Canadian economy. We are in this together whether we like it or not.
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