It's Wednesday, April 11, 2001. I'm David Brancaccio. And with that, the tense ten-day diplomatic standoff between China and the United States came to an abrupt end. Marketplace's Stephen Henn reports. Eric Autor is vice president for international trade at the National Retail Federation.
China is a very important supplier of products.
Lardy believes that the size and importance of that relationship may have helped keep heads cool and ease the current crisis. But despite all the money at stake are limits. And you are basically dealing with a national security issue. Discount stores reported a spontaneous consumer backlash against Chinese products and last weekend union pipe fitters fanned the flames with radio commercials during baseball games. Pan Asian chamber of commerce scuttled plans for a May meeting on investment opportunities with Chinese trade officials.