China's economic development will be good for the West, as well as for the Chinese people. China needs Most-Favored Nation trade status with the United States and it should fully enter the world trading system. PNTR benefits working Americans. Making China play by global trade rules guarantees access for U.S. products and services to the world's largest emerging market and ensures that U.S.-China trade will continue to support U.S. economic growth, increased productivity, higher wages and better retirement security for working Americans. But in this instance, I think our labor leaders have got it wrong. . .
American labor has a tremendous interest in China trading on fair terms with the United States.
The Agreement we signed with China this past November marks the largest single step ever taken toward achieving that goal.