The following are notes taken from that forum. FPIF has published two recent documents on the accession issue. Both favor congressional approval of permanent normal trade relations with China. We welcome your comments.
China targets the U.S. for imports.
It is the most imbalanced trade relationship in the world. This places pressure on the labor market here. There is a possible loss of 500,000-600,000 jobs and downward pressure on wages. The deal is bad for China too. Increased downward pressure on agriculture, which the US wants to liberalize, in such an economy dependent on agriculture will make it difficult for China to adapt.