Word: tariffers
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...doubt the Chinese would have preferred not to move against rights campaigners on the eve of Christopher's visit, but they went ahead anyway. The Secretary of State arrived in Beijing Friday night with an unequivocal message: China must improve its human-rights record or lose the low-tariff benefits of most-favored-nation trading status. President Bill Clinton had vowed that he would not renew MFN -- a boon that allowed China to roll up a $23 billion trade surplus with the U.S. last year -- if Beijing did not demonstrate tangible improvement by June, when the decision on extending...
Since exports have accounted for 55% of U.S. economic growth since 1987, tariff reductions of the kind ensured by NAFTA are certain to make American industry even more trade-oriented. Bill Clinton's effort to promote freer trade along the Pacific Rim also comes at a time when demand for consumer items -- everything from sports equipment to kitchen appliances -- is rising in Asian nations that have long given priority to savings over spending. "With Asia growing through the creation of domestic demand, we can jump in," says Lawrence Chimerine of the Economic Strategy Institute, a think tank in Washington...
Like Presidents before him, Clinton has learned that China is just too big to bully and too important to ignore. With relations getting worse almost from the time he took office, Clinton had to face the real possibility that if Congress refuses to renew China's most-favored-nation tariff status next June, it could lead to a serious, even dangerous, breach with the world's next superpower...
...MEXICAN IMPORTS FROM U.S. TARIFF NAFTA PHASEOUT...
...IMPORTS FROM MEXICO TARIFF NAFTA PHASEOUT...