Posted on 02/23/2005 7:26:59 PM PST by maui_hawaii
Good luck, commissioner. They don't exist there, despite whatever 'laws' might be in place.
European unions are much stronger than American unions. They are powerful enough to impose protectionist, job-preservation measures.
There will be no European Wal-Mart.
LOL! I'm very sure China is worried that the crapwasels might actually do something to them.
Monty Python at it's best.
Don't underestimate them.
Who?
The Europeans ability and willingness to seek punitive measures against Chinese imports into the EU.
Pah! The Chinese barely pretend to listen to us, and they aren't going to listen to the EU.
Punitive measures work both ways. China is not without it's own measures, and China knows that very well.
This is bluster.
Well then, we will see, but don't hold your breath waiting for those big punitive measures to appear from the EU.
China is going to get increasing pressure to change the way they operate.
as the dollar falls, the chinese peg makes their products even cheaper in europe. if Europe and other nations would tariff chinese imports to force them to drop the peg, I am all for it. the US doesn't have the guts to do it, maybe someone else does.
What actually will most likely end up happening is China is going to get major heat until they open up and comply with real free market economics and drop the multitudes of barriers foreigners face.
even japan hasn't removed such barriers - but at least their currency floats so their goods are priced in 1st world dollars, and so are their wages (actually, much higher then US wages) and standards of living.
for now, give me a 40% revaluation of the Yuan for starters, and I'll be happy. Because a 40% revalue will force the "china centric" approach of the US tech industry to be reassessed quickly - they will refocus on expanding in the US, and we can actually see some decent job and wage numbers as part of our economic recovery here, instead of exporting 9% GDP growth to china.
nonsense. tariffs do work. tariffs saved (and are saving) the US light truck industry from devastation. Its one reason why Toyota and Nissan are building light truck plants all over the US.
the chinese currency peg has to go - you can't have free trade with a nation that manitans an artificial currency peg.
China won't get away with as much as Japan did.
(There will be no European Wal-Mart.)
There already is one. It's French retail giant Carrefour.
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