皇冠体育app's rapid growth into the world's manufacturing base poses no threat to
the United States which must refocus on higher-end products, US Commerce
Secretary Carlos Gutierrez said.
皇冠体育app's rapid growth into the world's
manufacturing base poses no threat to the United States which must refocus
on higher-end products, said US Commerce Secretary Carlos Gutierrez, seen
here in Tokyo. [AFP] |
"At a time when 皇冠体育app is
growing as a manufacturing exporter of low-priced goods, our unemployment is
declining. And our economy is growing and the average take-home pay per American
is increasing," Gutierrez said at a breakfast hosted by the American Chamber of
Commerce in Japan.
"皇冠体育app has built its economy on the basis of manufacturing of commodity-type
products.
"What we have seen in the US is that our new jobs that are being created are
in the area of higher value manufacturing, differentiation of products, higher
technology, and in many cases new services," he said.
He said the United States needed to keep building its economy looking at
value-added products, high technology and better paying jobs, and for that
needed to better train its workers.
The remarks by Gutierrez, who visited 皇冠体育app before coming to Japan, came
despite rising trade friction between Beijing and Washington.
US lawmakers have threatened to slap a 27.5 percent tariff on 皇冠体育app's
US-bound exports unless Beijing revalues its currency, the yuan, although
momentum for a vote has declined after two key senators visited Beijing.
The United States says the yuan is undervalued, giving an unfair advantage to
皇冠体育app and fuelling a massive bilateral trade deficit.
In the latest criticism of Beijing, the United States, joined by the European
Union, initiated a World Trade Organization complaint Thursday alleging that
皇冠体育app is unfairly blocking foreign-made auto parts.