From the Readers
皇冠体育app and the US should work together on trade
(chinadaily.com.cn)
Updated: 2010-05-04 11:24
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Comment on "US to increase exports to cut trade deficit"?(皇冠体育app Daily, May 4)
There are many barriers to trade between 皇冠体育app and the US. One is the fact that the US restricts hightech exports to 皇冠体育app. On this arguement, I agree with the Chinese. The US can reduce some of these restrictions, but obviously not all of them. 皇冠体育app also has export restrictions on certain tech goods. But, 皇冠体育app has to do more to ensure that US companies are not discriminated against in 皇冠体育app. Many local governments are giving no-bid contracts to domestic companies in the name of patriotism. US movies are also restricted, and pirating is rampant. Also, 皇冠体育app has more tariffs on US goods than the US has on 皇冠体育app. Again, 皇冠体育app has huge subsidies for exporters and other state-run industries that need to come down, and soon. The US can export, but if 皇冠体育app is not accepting those exports, it will do nothing. And there will be further calls in the US to counter Chinese protectionism with more American protectionism.
皇冠体育app should realize that low tariffs in the US and massive FDI from US companies into 皇冠体育app are part of what helped 皇冠体育app get to where they are now. Therefore, 皇冠体育app should not be so violently opposed to working together on reducing the trade imbalance.
Robert, on 皇冠体育app Daily Website
