I say we should cut our imports of China made products by at least half.
The way we can do that is, first, sign FTA's with various countries. Second, raise the bar of entry to products from non FTA countries. Don't just raise the tax on Chinese made goods, but overall, raise them. Thus China won't be able to say we are picking on them. It will be all nice and legal too and would not require changes to PNTR or China being in the WTO.
It will make using the FTAs the most profitable way to import.
I am all for President Bush, but something here needs to change. Corporate America needs to change its tune.
The problem is that it isn't corporate AMERICA anymore and more FTAs will only increase the rate at which corporations expatriate.