13 April 2006 13:51 [Source: ICIS news]
By Joe Kamalick
The agreement follows two years and more of clamour from the
The howls of protest and Bush administration threats escalated as the
On Capitol Hill, there is a flock of pending bills aimed at forcing
In response to mounting industry complaints and to cover its political flank, the Bush administration has been leaning hard on the
In November last year,
Just a few weeks ago, Gutierrez and US trade representative (USTR) Rob Portman warned separately that the US-China trade relationship was “at risk.” Both said that the
Portman’s office said recently that the
The initial response of the US Chamber of Commerce to the new US-Sino trade agreement was lukewarm, suggesting that the 11 April deal falls short of what’s needed, and that only time will tell whether China lives up to its new commitments.
Commerce secretary Gutierrez said much the same thing at the press conference with vice premier Wu Yi. He said the
Perhaps speaking to Congress, Gutierrez said: “We believe the best way to address these trade issues with
Whatever its shortcomings, the 11 April agreement probably is sufficient to buy the Bush administration some time, to quell most legislative clamour on the Hill and get Republicans past the November elections without looking “soft” on China. And, too, the agreement could do a lot to even the flow of trade between the two countries.
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