1. After the Deal.
- Subjects
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INTERNATIONAL trade , *FREE ports & zones , *INTERNATIONAL economic relations - Abstract
The article focuses on the decision of the U.S. House to grant permanent normal trade relations with China. In exchange, China has sharply reduced its restrictions on American products according to the rules of the World Trade Organization. With this decision, China will have a freer hand to oppress its people, threaten its neighbors, and vex the U.S. Some people are arguing that trade relations with the U.S. will make China more dependent on the U.S. Brink Lindsey, a trade-policy analyst at the Cato Institute, concludes that mercantilist rhetoric cannot advance free trade in the long run. In this deal, the Chinese reduced a lot of tariffs, while Americans "lost" almost nothing.
- Published
- 2000