News Focus
News Focus
Followers 129
Posts 37017
Boards Moderated 3
Alias Born 11/17/2009

Re: janice shell post# 500756

Thursday, 11/07/2024 1:12:48 PM

Thursday, November 07, 2024 1:12:48 PM

Post# of 578386
Make China Great,,,,Dems indeed Janice ;) So why try to rewrite history.......Clinton,

How America's Biggest Companies Made China Great Again
https://www.newsweek.com/how-americas-biggest-companies-made-china-great-again-1445325

The big business community made it clear—first to the Clinton administration and then to his successor, George W. Bush—that trade with China was its highest priority. Washington readily agreed. "The Fortune 500 and the U.S. Chamber of Commerce didn't just influence policy," says Alan Tonelson, a veteran trade analyst in Washington, "they made policy."

The first goal for corporate America was to get trade relations normalized "permanently" (known as PNTR, for "permanently normalized trade relations"). Prior to 2000, because of the post Tiananmen hangover, Washington every year would have to decide whether to grant China the same access to the U.S. market that it did other trading partners. With the U.S. Chamber of Commerce and the U.S. China Business Council as point men in Washington, corporate America lobbied hard for the move. More than 600 companies pushed for China's PNTR status. They got what they wanted. After a contentious debate with human rights advocates, the U.S. approved PNTR in 2000.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today