U.S.-China Trade
The Economic Relationship and WTO Issues
Economic and trade reforms (begun in 1979) have helped transform China into one of world’s fastest-growing economies. China’s economic growth and trade liberalization, including comprehensive trade commitments made upon entering the World Trade Organization (WTO) in 2001, have led to a sharp expansion in U.S.-China commercial trade. Yet, bilateral trade relations have grown increasingly strained in recent years over a number of issues, including a large and growing U.S. trade deficit with China, the refusal by China to adopt a floating currency, its failure to fully implement many of its WTO obligations, especially in regards to protection of intellectual property…
