What did you think the word "trade" meant? You probably thought it meant we buy from them, and they buy from us, and we both get richer. I'll bet you never thought "trade" means we buy from them, and they don't buy from us, and they get richer and we get poorer, did you? more »
You buy things till your wallet is empty. So you raid the savings account to buy more stuff. Then you get a loan, and buy more stuff. Another loan, another, you keep buying stuff... Finally you're selling off the tools you had used to make a living. That's where the country is now because of the huge imbalance in our trade relationships. more »
Last week several groups, including the United Steelworkers, petitioned the federal government to whack the latest trade mole – illegally traded auto parts from China.
With President Obama announcing creation of a new trade enforcement unit in his State of the Union Addre more »
Long-suffering victim is hardly the American image. Paul Revere, Mother Jones, John Glenn, Martin Luther King Jr. -- those are American icons. Bold, wry, justice-seeking.
So how is it that America finds herself in the position of schoolyard patsy, woe-is-me casualty of China’s illegal trade practices that are destroying U.S. more »
When China was accepted into the World Trade Organization, they agreed that if we experienced import surges of Chinese goods that caused "market disruption," we would be allowed to limit the import of those goods. The particular section of the agreement is called "Section 421." more »
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