Global News
‘There are a billion new consumers that are going to join the middle class in Asia over the next 10 years. We have to have access to them.”
That was General Electric CEO Jeff Immelt on CNBC Thursday responding to a question about the Senate’s 79-19 vote last week to advance a bill that would punish China with antidumping duties if it does not strengthen the yuan.
Bipartisan Washington, as indicated by that vote, is itching to launch a trade war with China. Mr. Immelt warned against it: “Make no mistake. The U.S. will do better if we have a …
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By: Mary Anastasia O’Grady
Source: The Wall Street Journal,
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