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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Oct. 6, 2010 / 28 Tishrei, 5771

Congress beats the trade-war drum

By Jeff Jacoby

Jeff Jacoby




http://www.JewishWorldReview.com | The policies of the Chinese government make it possible for Americans to acquire a vast array of products at affordable prices. For that high crime and misdemeanor, the US House of Representatives voted last week to punish China.

The vote on H.R. 2378, which would authorize punitive tariffs on Chinese exports to the United States -- which includes everything from clothing, furniture, and toys to refrigerators, computers, and sporting goods -- was a lopsided 348 to 79. It was accompanied by equally unbalanced congressional rhetoric. "They cheat to steal our jobs," fumed Mike Rogers of Michigan, while California's Dana Rohrabacher denounced the Chinese as a "clique of gangsters."

From the Senate, where similar legislation is pending, came equally hostile words. "This suckers' game is never going to stop unless we call their bluff," seethed Charles Schumer of New York. There was trade-war drum-beating on the sidelines, too. The president of the AFL-CIO, Richard Trumka, cheered the "long-overdue" move against China's government, which he likened to "a schoolyard bully." Paul Krugman, writing in The New York Times, hailed the vote as evidence that US policymakers would no longer be so "incredibly, infuriatingly passive in the face of China's bad behavior."

But what exactly is so awful about selling good stuff cheap to tens of millions of US consumers?

China's communist regime is no paragon of enlightened governance. It criminalizes dissent, represses religious and ethnic minorities, and severely restricts the civil rights and political liberties of its citizens. Particularly brutal have been its occupation of Tibet and its vicious treatment of those who follow Falun Gong, a Chinese spiritual movement. There is no shortage of legitimate and urgent reasons to condemn Beijing's behavior. Keeping the price of Chinese exports low isn't one of them.

China is accused by its protectionist foes of deliberately undervaluing its currency, the yuan (or renminbi), relative to the US dollar. That makes Chinese goods less expensive in the international market than they otherwise would be. No doubt that puts some US exporters at a competitive disadvantage. But it also means far greater purchasing power for innumerable US consumers and businesses. Experts can debate whether there is something unwarranted or "predatory" about China's currency manipulation (which, as The New York Times points out, the World Trade Organization does not define as illegal). But there is no doubt whatever that its beneficiaries are legion, as a visit to any Wal-Mart or Target will confirm. Because it makes so many goods so affordable to so many people, China's currency policy has been called "the greatest anti-poverty program in America." And Congress wants to go to war to shut it down?

The protectionists claim that forcing China to revalue the yuan would boost US manufacturers, adding as many as a million new jobs to American payrolls. That too is debatable. Economist Mark Perry argues that it is the breathtaking increase in US manufacturing productivity, not the value of Chinese currency, that is largely responsible for the disappearance of so many manufacturing jobs in recent years. Contrary to popular view, manufacturing in America is alive and well. The United States is far and away the world's leading manufacturing power, but it takes fewer workers to produce more output than ever.

Not many firms welcome tough competition, so it isn't hard to understand why US exporters who compete directly with Chinese firms want to see Congress rig the trade by slapping punitive tariffs on imports made in China. Their concern is with their bottom line; they aren't thinking about the millions of American households that would be forced to contend with higher prices.

But that doesn't mean Congress has to do their bidding.

Suppose Chinese firms were able to undersell their US competitors not because of Beijing's currency policy, but thanks to a technological breakthrough that dramatically reduced Chinese manufacturing expenses. Or suppose Americans were flocking to buy made-in-China goods because Oprah Winfrey, Glenn Beck, Pastor Rick Warren, and Lady Gaga were all urging their followers to do so. Or because an eccentric billionaire was offering a 25 percent rebate on the purchase of anything imported from China. US firms might fume, but no one would expect Congress to "retaliate" on their behalf by slapping steep new taxes on Chinese products. Why should the bottom line be any different if consumers choose to "buy Chinese" because Beijing holds down the value of its currency?

Affordable imports are a godsend, not grounds for a trade war. It is distressing that so many members of Congress have trouble understanding that. Perhaps a return to private life would help them figure it out.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Jeff Jacoby is a Boston Globe columnist. Comment by clicking here.

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