U.S. Outlines Tougher China Trade Policy

Feb. 14, 2006
Manufacturing executives and members of U.S. Congress have been urging the Bush administration to toughen American trade policy toward China. On Feb. 14, U.S. Trade Representative Rob Portman outlined a 10-point program that he says will hold China more ...

Manufacturing executives and members of U.S. Congress have been urging the Bush administration to toughen American trade policy toward China. On Feb. 14, U.S. Trade Representative Rob Portman outlined a 10-point program that he says will hold China more accountable.

"As a mature trading partner, China should be held accountable for its actions and required to live up to its responsibilities, including opening markets and enforcing intellectual property rights," Portman said.

With U.S. support, China joined the World Trade Organization four years ago.

Among other actions, Portman's office is establishing a China Enforcement Task Force, boosting its data collection resources and adding an advisory group to provide strategic advice on U.S.-China trade policy. New emphasis will be given by the administration to regulatory reform in China, including additional attention to subsidy issues. And Portman also promises to strengthen interagency coordination within the Washington bureaucracy and to institute regular briefings for members of Congress and the staffs.

Notable by its absence from Portman's list was increased attention to China's alleged manipulation of its currency, the yuan, which many U.S. manufacturers contend puts them at a competitive disadvantage.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!