ABSTRACT

China-U.S. Trade Issues [May 21, 2012]   [open pdf - 507KB]

"U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.- China trade rose from $5 billion in 1981 to $503 billion in 2011. China is currently the United States' second-largest trading partner, its third-largest export market, and its biggest source of imports. […] Some Members of Congress advocate a more aggressive U.S. trade policy towards China, such as increasing the number of dispute settlement cases brought against China in the WTO [World Trade Organization], where the United States has prevailed on a number of issues. During his State of the Union Address in January 2012, President Obama announced plans to create a new Trade Enforcement Unit 'charged with investigating unfair trade practices in countries like China.' Some analysts caution that taking a more aggressive stance against China over its trade policies could induce it to retaliate against U.S. exports to, and investment in, China. They further contend that major economic disputes should be dealt with through established high-level bilateral dialogues, such as the Strategic & Economic Dialogue (S&ED) and the U.S.-China Joint Commission on Commerce and Trade (JCCT). […] This report provides an overview of U.S.-China trade ties and major issues."

Report Number:
CRS Report for Congress, RL33536
Author:
Publisher:
Date:
2012-05-21
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
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