The risk is that the small business community will be left behind. In this country, the steel, textile, toys and shoes industries will be hurt. Some industries will suffer, and some of the jobs will be replaced by cheap labor in China. Some of that labor may be child labor, prisoner labor or low-wage employment. Not everybody will gain from this agreement.
Labor has some real genuine concerns.
The benefits are enormous. China s economy is already the size of California s, and before it is done, it will be bigger than ours. It will lead to a substantial increase in exports in some things. There is really no downside risk, because we are not doing anything to open our markets to China. They are opening their markets to us.