"U.S. exports to China would increase if the Obama administration were to insist upon balanced trade, as permitted by a special WTO rule for trade deficit countries. He could impose an across-the-board tariff on all Chinese goods whose rate would be kept proportional to the U.S.-China trade deficit. The Chinese government would then take down its many, many barriers to U.S. products."
"U.S. exports to China would increase if the Obama administration were to insist upon balanced trade, as permitted by a special WTO rule for trade deficit countries. He could impose an across-the-board tariff on all Chinese goods whose rate would be kept proportional to the U.S.-China trade deficit. The Chinese government would then take down its many, many barriers to U.S. products."
About the author: Howard Richman
Pauack32 1 year ago