China’s aggression in September after Japan seized a Chinese fisherman near the East China Sea islands claimed by both countries confirmed China as a burly international tyrant. The caution for countries attempting to negotiate with China is to avoid Japan’s mistake, which was single-handedly contesting the giant. For America, that means seeking an end to China’s currency manipulation by simultaneously pursuing every option the United States has, including formally naming China a currency manipulator, imposing tariffs on imports from countries that undervalue currency and creating a community of allies to campaign together to combat the illegal trade practice.
|By: Leo W. Gerard Sunday October 10, 2010 8:09 am|
|By: letsgetitdone Sunday September 19, 2010 8:02 pm|
Earlier this month, Thomas Geoghegan wrote a piece for The Nation telling the Democrats the ten things they could do to really get the base excited, and at the same time do good things for the country. Here’s his list.
|By: Leo W. Gerard Thursday September 16, 2010 8:57 am|
China illegally subsidizes its export industries and unlawfully manipulates its currency. That kills U.S. industry and destroys U.S. jobs. On June 19, China announced it would allow its currency value to rise on international markets. And then it didn’t. That’s flipping the bird at America. Before China’s June 19 promise, U.S. Senators and Congressmen proposed legislation that would force the U.S. Treasury Department to even the score with China. Pass the legislation. It’s time for America to flip the bird back.
|By: normanb Sunday June 6, 2010 5:29 am|
Learn the 7 Greenhouse Gases, and Stop Them! — by NormanB (“Deviations from the Norm”)
|By: Zachary Karabell Saturday October 17, 2009 9:18 am|
Cross-posted at River Twice Research.
The economic relationship between China and the United States is the defining issue of our day. While debates over health care are vital to American society, and while challenges ranging from Iran to Afghanistan to North Korea are real, nothing will determine the arc of the coming decades – or will shape domestic life and prosperity in the United States – more than the emergence of China as a global economic superpower unrivalled except by America.
|By: Zachary Karabell Tuesday July 28, 2009 6:33 pm|
As the United States and China wrap up their two-day “Strategic and Economic Dialogue,” it’s more apparent than ever that the two find themselves in a marriage that neither can easily dissolve and that neither fully wants.
The speeches struck all the rights notes – “the United States and China share mutual interests,” President Obama announced. “If we advance those interests through cooperation, our people will benefit, and the world will be better off – because our ability to partner with each other is a prerequisite for progress on many of the most pressing global challenges” Those sentiments were echoed by both Hillary Clinton and Timothy Geithner in an op-ed published in the Wall Street Journal. The Chinese delegation spoke of the two nations as traveling in the same ship, a ship which was wracked by the global financial storm of the past year. In general, the rhetoric could not have demonstrated more clearly that both see themselves as locked in a relationship of mutual dependence.