United States Warn China in Trade Fight
The United States government criticizes China to resolve its rapidly growing trade deficit.
Deputy US Trade Representative Karan Bhatia said that their rival country can receive penalizing trade measures from the US government if they do not open up their market to American companies and if they do not treat US firms fairly. However, Bhatia did not imply that the US government would limit China's access to their market.
trade news, international trade, import, export, importers, exporters
February 21th, 2006
by Elif Ozdemir
The United States government criticizes China to resolve its rapidly growing trade deficit.
Deputy US Trade Representative Karan Bhatia said that their rival country can receive penalizing trade measures from the US government if they do not open up their market to American companies and if they do not treat US firms fairly. However, Bhatia did not imply that the US government would limit China's access to their market.
On the other hand, US Trade Representative Rob Portman has a different take on United States-China trade situation. Last week, he expressed that the US government will set up a task force that will monitor China's compliance with global trade policies. These policies focuses on implementing of intellectual property rights, easing up local industries, and carrying out vows to open the market to US companies.
According to Karan Bhatia, China has very much profited from their access to the US market, yet China is not doing their share as they continue
Recommended For You
