End protectionism, China tells US

[Divine Discontent]

Source: BBC

Chinese President Hu Jintao has said at a joint news conference with US President Barack Obama that their two countries must shun protectionism.

President Hu said the two sides would "continue to have consultations on an equal footing to properly resolve economic and trade frictions".

He made the comments after a summit with Mr Obama at the Great Hall of the People in Beijing.

Climate change and North Korea also played a major role in the talks.

Before Tuesday's closed-door meeting began, Mr Obama - continuing his first tour of Asia - said: "We believe strong dialogue is important not only for the US and China, but for the rest of the world."

Read more: http://news.bbc.co.uk/2/hi/asia-pacific/8363643.stm

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someone want to get out the long list of things China needs to end?

[msongs]

1. oh sure, they want zero restrictions on the poison food and toxic stuff they send us nt

[liberalmike27]

5. Protectionism

Is, of course, the protection of American jobs by the use of devices such as Tariffs, taxes on goods imported from countries that have terrible environmental, and labor laws, such as China, or Taiwan, or pretty much anyone we trade with in these bogus agreements.

As far as I'm concerned, we need to crank up the tariffs. We're about the only country that doesn't do that, Japan does it, most of Europe does it, France does it, they all do it. But for some reason, we're to be flayed open, and bled, and bled, and bled, and the workers are getting pissed. As yet, I've seen our government do NOTHING to keep jobs here in America. The brainwashing has been intense on this subject, and has been adapted, even by those who "portray" the leftmost position available in our hugely corporate, conservative media.

Product safety laws are not protectionism, but I'm all for them also. For those who know this, please forgive, but it seemed some were unaware.

I find it amazing that protectionism has such a bad rap, especially with an unofficial unemployment rate approaching 20 percent, near Great Depression levels.

[boppers]

6. Uh, we don't have tariffs? What?

Uh, no.

http://en.wikipedia.org/wiki/U.S._farm_bill

[liberalmike27]

12. As long as we're bleeding jobs

I'd say we need more tariffs, not more free trade agreements. Sure, we get cheap shit, and I do mean shit. But at least we're working when we've got tariffs, stuff doesn't have to be shipped all over the world, worsening our environment, as well as it being produced in a toxic dump, as it often is in China.

We could've done this globalization thing differently, but the super-rich would have made a bit less money, and I guess that wasn't acceptable. They could have opened factories to provide just for that region, actually paid their new employees enough to be contributors to the new economy, not wage slaves.

[Art_from_Ark]

9. Hey, Japan's getting flooded with Chinese junk, too

The rule among Japanese food shoppers is, if it's cheap and doesn't list a country of origin, only a distributor, then it's probably from China.

[pampango]

14. Protectionism gets a bad rap, because it doesn't work. FDR campaigned against Smoot/Hawley,

got around it by negotiating trade agreements with other countries, then pushed for increased international trade and lower tariffs in the post-WWII world. Truman continued this after FDR's death.

Smoot, Hawley, and Hoover were all republicans who also controlled both houses of congress when the tariff act passed. FDR realized that Smoot/Hawley made it more difficult to get the country out of the Depression, marginalized the Act, then tried to make sure that similar tariff laws didn't become the norm around the world after WWII.

Democrats were the ones behind the Brenton Woods Agreement in 1944 that grew into the IMF, the General Agreement on Tariffs and Trade in 1947 which grew into the WTO, and of course the United Nations. Democrats of the era believed in expanding international trade, not restricting it. Of course, they also believed in highly progressive taxation, strict regulation of financial markets, strong unions and an active role for government in securing the welfare of citizens, things that are unfortunately rare these days.

[Romulox]

15. Which is why every one of our fat and happy trading partners practice it!

:hi:

[pokercat999]

10. True, but in return we pay them with dollars that will soon be

worthless.......gotta....:rofl: otherwise I'll :cry:

[JonQ]

16. Protectionism is the right word in this case

protecting americans from the poison china wants to send us, no questions asked (but at bargain prices!).

Stop trying to kill us and we'll reexplore the topic.

[bluestateguy]

2. Follow the rules and we will be happy to

nt

[onehandle]

3. End slave labor and racist oppression, onehandle tells China. nt

[DainBramaged]

4. Lying scumbags, I wonder if he'd like to try a little melamine laced formula...

with his heparin..........


http://www.nytimes.com/2008/04/30/health/policy/30heparin.html

http://www.sciencenews.org/view/generic/id/40591/title/Science_%2B_the_Public__Melamine-tainted_infant_formula_linked_to_kidney_stones

[krispos42]

7. Sure, make everything equal...

...so Americans can complete equally with $1-per-hour labor.

:sarcasm:


Tell you what, Hu, you raise your minimum wage to $12 an hour and we'll think about it.

[47of74]

8. Hu can read this

[Javaman]

11. Pot. nt

[Mari333]

13. To China: kiss my royal american ass.