Trade Issues

By:  Lindsey Graham
Date: Nov. 14, 2005
Location: Washington, DC



Mr. GRAHAM. I don't know if anyone has done an analysis of our trade deficit. What percentage does the Senator believe is directly attributable to unfair trade practices on behalf of the Chinese? It is one thing to be outworked. If people work harder than you do and are smarter than you are, shame on you. But I believe, as the Senator does, that a lot of the market share that we are losing in the trade deficit explosion has to do with Chinese Government policy when it comes to trade behavior rather than just simply outworking the American worker.

What is the Senator's view on that?

Mr. DORGAN. I don't have a numeric answer to that. But I think it is self-evident that most of the trade deficit we have with China has to do not with fair competition but a manipulation of currency, a refusal to deal with piracy and counterfeiting, a refusal to open their markets. I think that is what it is about.


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