|
|
Article: Owens assails anti-China 'rhetoric'; Caterpillar CEO urges lawmakers to reject a bill that would slap a 27.5% tariff on imports
- Article from:
- Telegraph - Herald (Dubuque)
- Article date:
- March 23, 2006
- Author:
CopyrightCopyright 2006 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. (Hide copyright information)
|
ROSEMONT, Ill. (AP) - Caterpillar Inc. CEO Jim Owens said
Wednesday that protectionists in Congress who want to "bully" China
by imposing a tariff on Chinese imports risk serious global economic
consequences if they succeed.
Speaking at a gathering of U.S. manufacturers, Owens called on
lawmakers to stop bashing China over the U.S. trade imbalance and
reject a bill to slap a 27.5 percent tariff on its goods if it
doesn't halt what some call the manipulation of its currency to gain
a trading edge.
Continuing the "scapegoating" of China, he said, ultimately could
cause a worldwide recession.
"This anti-China sentiment could be extremely damaging if policy-
makers on either side of the Pacific ...