Getting Tough (Finally)
I guess President Bush must have read my post last month about the threat China is becoming. They are finally starting to stand up to them. Earlier this week Washington announced that a quota would be put on Chinese textiles. Now today, the Treasury department announced they would officially accuse China of manipulating their currency to gain an unfair advantage. This will trigger a law that will impose quotas and tariffs on all Chinese goods. I'm glad to see we're starting to stand up to their unfair trade practices. Watch how quickly China runs to the WTO.