The policies of the Chinese government make it possible for Americans to acquire a vast array of products at affordable prices. For that high crime and misdemeanor, the US House of Representatives voted last week to punish China.Agreed--twice.
The vote on HR 2378, which would authorize punitive tariffs on Chinese exports to the United States -- which include everything from clothing, furniture, and toys to refrigerators, computers, and sporting goods -- was a lopsided 348 to 79. It was accompanied by equally unbalanced congressional rhetoric. "They cheat to steal our jobs," fumed Mike Rogers of Michigan, while California’s Dana Rohrabacher denounced the Chinese as a "clique of gangsters."
From the Senate, where similar legislation is pending, came equally hostile words. "This suckers’ game is never going to stop unless we call their bluff," seethed Charles Schumer of New York. . .
But what exactly is so awful about selling good stuff cheap to tens of millions of US consumers? . . .
Affordable imports are a godsend, not grounds for a trade war. It’s distressing that so many members of Congress have trouble understanding that. Maybe a return to private life would help them figure it out.
(via Carpe Diem)