During the past 20 years, the author has watch China move from being a developing country into an industrial superpower
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Fair Trade: How to Protect American Jobs?
Unions and small U.S. manufacturers want a full-scale assault on alleged unfair trade practices such as subsidizing export industries through currency manipulation by China and others.
Retailers want to stop any move to increase the cost of imports. So do multinationals.
Obama will ratchet up enforcement of current regulations but will resist an all-out trade war.