BRADLEY CHAIRS SUBCOMMITTEE HEARING TO HIGHLIGHT CHINA'S BARRIERS TO FREE TRADE
Today, First District Congressman Jeb Bradley, Chairman of the House Small Business Subcommittee on Tax, Finance and Exports, along with Rep. Sam Graves (R-Mo.), Chairman of the Rural Enterprise, Agriculture & Technology, held a joint hearing on the impact of unfair trade practices by China. The Subcommittee heard from a number of witnesses who testified on China's currency manipulation, labor and environmental standards, as well as issues regarding intellectual property rights.
"China has emerged within the last two decades as a strong international competitor with a fast growing economy. Although this new global economy has provided new and exciting business opportunities for many U.S. companies, including companies in New Hampshire, China's currency devaluation and weak intellectual property protection laws increase the cost of trade between our two countries," stated Bradley. "Today's hearing allowed Members to better understand the impact that China's trade policies have on U.S. companies, and hopefully work to find a solution to level the playing field between these two nations."
China is currently our third-largest trading partner, the second-largest source of U.S. imports and the fifth-largest U.S. export market. Trade with China has grown faster than with any other U.S. trading partner.