travior travior:
It is truely amazing how we allow China to dump all this crap into the states basically duty-free and allow them to have 70-100% tarrifs on the stuff we are allowed to sell there. No wonder there is such a huge trade imbalance. Yet if we talk about raising tarrifs the World Trade Org threatens to take action against us.
My company just recently built a plant in China to manufacture food packaging. They were hoping to get a foothold in the country as the local middle-class began to want more food options. Right now, they still go to the market every day to get fresh meat since refrigeration is almost unheard of. After the plant was built and production began, the government told them that they would not be allowed to sell anything in China and that 100% of the goods made had to be exported.
China: your Wal-mart dollars at work!
China is a more complicated issue. Mainly due to how Domestic(North American as a whole) Manufacturers have moved so much of their Manufacturing there. So to a large degree, Imports from North America to China would actually be competing against Domestic Corps. That's not completely true, but certainly an aspect of Trade with China.
Also, despite the dramatic increase in China's GDP, Per Capita Wealth is still not very high in China due to their huge population. So it's doubtful that Our Manufactured Goods are affordable to a large enough amount of Chinese to make much difference. That will change in time, when it does we'll have to force the issue.