Filed in archive
News
by Greg Cruey on September 30, 2008
BusinessWeek ran an interesting piece last week on the question of what happens to the U.S-China commercial relationship if Barack Obama wins the White House.
What does happen? The answer seems to be, "it depends."
Let me stop here and say that I'm a fan. I don't agree with Obama on everything, but I like him better that the alternative (by a long shot) and I have a sign in my yard. That said...
If Obama is elected and the Democrats carry through with his ideas about the Chinese currency situation, we're probably looking at a trade war. Democrats have promised to back legislation that would define currency manipulation as an illegal subsidy. The Chinese would probably respond with a tax on exports that would get passed on to US consumers. Things go downhill from there.
Or once he gets elected Obama could decide that a trade war doesn't really help anybody. Right? Read the BusinessWeek article for yourself to see the options explored in more detail.
© Center for American Progress Action Fund
What does happen? The answer seems to be, "it depends."
Let me stop here and say that I'm a fan. I don't agree with Obama on everything, but I like him better that the alternative (by a long shot) and I have a sign in my yard. That said...
If Obama is elected and the Democrats carry through with his ideas about the Chinese currency situation, we're probably looking at a trade war. Democrats have promised to back legislation that would define currency manipulation as an illegal subsidy. The Chinese would probably respond with a tax on exports that would get passed on to US consumers. Things go downhill from there.
Or once he gets elected Obama could decide that a trade war doesn't really help anybody. Right? Read the BusinessWeek article for yourself to see the options explored in more detail.
© Center for American Progress Action Fund
Permalink: If Obama Wins...
Tags:
politics
Obama
China
HTTP/1.1+404+Not+Found
Connection:+close
ContentType:+text/html;+charset=iso8
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/134921
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for If Obama Wins...:
|
Rating: 9.00 out of 2 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
