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. Last Updated: 07/27/2016

China Entry Deal Slammed




WASHINGTON -- On the eve of international trade talks in Seattle, Reform Party presidential contender Pat Buchanan and the Teamsters president, James Hoffa, blasted a market-opening pact between the United States and China as a giveaway deal that would hurt the U.S. economy and cost jobs.


Speaking on NBC's "Meet the Press" Buchanan said Sunday that the deal, signed Nov. 15 in Beijing, was made without any concessions from China on human rights or security.


"The deal we cut in Beijing was a complete capitulation by the United States of America," Buchanan said. "We almost forced upon China the greatest concession we could give - open, free, untrammeled access to a $9 trillion U.S. market for communist China on a permanent basis."


The ground-breaking trade agreement reached in Beijing between U.S. and Chinese negotiators called for China to slash tariffs and open a wide range of markets. It also paved the way for Beijing to join the World Trade Organization after 13 years of negotiations.


Hoffa, speaking on Fox News Sunday, denounced the deal saying it would damage the U.S. economy.


"This recent deal that was made by the president, basically imposes tariffs on products that we send over there. They limit our ability to buy into Internet companies; to basically participate in their economy, whereas they're coming over here to the tune of $80 billion trade deficit," the union leader said.