The potential for the U.S. to place trade sanctions on China has moved one step closer with the latest decision by a U.S. Congress committee. The bill they have approved would place retaliatory trade sanctions on China and the products they export to the U.S..
As most middle-class Americans are acutely aware of, most of the jobs which were once "All American", have been outsourced to China in the past few decades. Why wouldn't it look appealing to corporations? A massive work force willing to literally slave away in grotesque working conditions for a few dollars a day -- and in some cases, a few cents a day. The American worker doesn't stand a chance against that. Now couple that with the fact that the Central Bank of China practices the art of currency manipulation, which is the act of purposely keeping the value of the yuan (China's money) low. Their money, by all accounts and standards, is undervalued. China's economy is booming and has been sparsely bothered by the recession.
It it time for China to step up to the plate and act like the responsible, global economic power they evidently are and claim to be. And if they don't, I wouldn't be surprised if more countries jump into the process of drafting trade sanctions against them.