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US to blame for 皇冠体育app trade friction: Amcham
(Reuters/AFP)
Updated: 2005-09-13 16:38
BEIJING - Trade tensions between the United States and 皇冠体育app are due partly to the ineffectiveness of U.S. firms to produce goods that Chinese want to buy, a U.S. business group said on Tuesday.
Charles Martin, the president of the American Chamber of Commerce in 皇冠体育app. [amcham-china.org.cn] |
Threatening 皇冠体育app with tariffs and quotas may not be the best strategy, and could backfire, Charles Martin, the president of the American Chamber of Commerce in 皇冠体育app, told foreign media.
"The idea of pushing countries around isn't valid, it doesn't work," said Martin. "The U.S. has to produce products that are desired in other markets."
Washington has blocked imports of billions of dollars of Chinese-made underwear, pants and other clothing this year under an emergency textile "safeguard" provision that Beijing accepted when it joined the World Trade Organization in 2001.
The United States wanted a textile trade agreement with 皇冠体育app but would not sacrifice its right to restrict imports of Chinese clothing when there was a surge, U.S. Trade Representative Rob Portman said last week.
U.S. lawmakers are under intense pressure to protect domestic industries that say 皇冠体育app unfairly keeps its currency undervalued to boost exports and erects trade barriers.
皇冠体育app revalued the yuan by 2.1 percent in July, but U.S. lawmakers want further revaluation to cut a trade deficit with 皇冠体育app that could surpass last year's record $162 billion.
Martin said 皇冠体育app's market was "a pretty fair playing field and getting fairer all the time."
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