October 10, 2008: Chinese Imports Soar to All-Time High

“Sending more than $1 billion dollars a day to Communist Chinais unacceptable,” said U.S. Representative Marcy Kaptur (D-OH).“President Bush continues to encourage one-sided, reckless trade withChina that promotes human rights abuses, abhorrent working conditions,and abusive economic practices. Americans deserve better than a race tothe bottom.”

The U.S. topped last year’s China deficit figure in August by more than$2 billion. In all of 2007, the U.S. imported more goods from Chinathan from any other country, leading to a deficit of $256.2 billiondollars.

Kaptur is the sponsor of H.R. 1958 to withdraw permanent normal traderelations treatment, formerly referred to as “most-favored nationstatus,” from China. She is also the sponsor of H.R. 169, the BalancingTrade Act, which would require the President to reexamine traderelationships with countries with whom the U.S. has a $10 billiondeficit for more than three consecutive years.