US should realize the world is now flat
By Zhang Zhouxiang | China Daily | Updated: 2012-03-07 08:06
On Monday, by a unanimous vote, the US Senate passed a bill that seeks to preserve the government's power to slap duties on "subsidized" goods from China and Vietnam.
"By passing this bill, we're backing American workers and businesses in the fight against China's unfair trade practices," Senate Finance Committee Chairman Max Baucus said in a statement. Supporters claim the current duties protect some 80,000 US jobs.
But unfortunately, both the statement and the claim are unjustified.
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