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Lawmakers Pass Bill Targeting China Yuan Policy

Wall Street Journal Original article ›

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The U.S. Senate voted 63 to 35 passing legislation that forces the U.S. government to seek tariffs and other action against countries with "misaligned" currencies."

A realization that the idea of America transitioning to a services based economy without impairing jobs was fundamentally wrong

04/17/2006

The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.

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Big changes in public opinion as the U.S. economy struggles in 2010 to create enough jobs. Compared to ten years ago in 1999, highly educated Americans now have unfavorable opinions on how free trade is impacting the U.S. in the jobs area.

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U.S.-China relations. Policy differences and trade relations are expected to exacerbate in 2010. The role of the U.S. as a supplicant to China in 2009 may lead to frustration and stepping back. US-China relations are tense because of continuing trade pressures and large trade deficits as China continues with its export model. Currency issues also an irritant.

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South Korea Approves Free Trade Pact With U.S.

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