International trade specialist says its all about price

Vivian C. Jones, specialist of international trade and finance at the Congressional Research Service, says that public entities or government subsidies help to lower the prices of U.S. goods for consumers. Jones says it is fundamentally about price, especially since U.S. industries claim that imported goods are unfairly priced. Jones says that this makes the U.S. producers unable to compete internationally. (0:35)
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Undersecretary of Commerce calls China America’s new bogeyman

Under Secretary of Commerce for International Trade Christopher Padilla says China has replaced Japan as the “bogeyman of the 21st century,” adding that the United States’s reluctance to participate in free trade with Asia is comparable to an Olympic sprinter calling for a timeout as the race starts. (0:54)
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