This indicates that there's not a lot of U.S. content in many of these Japanese-brand engines, and that many of them will be assembled in a new U.S. facility, and not genuinely manufactured. Assembly would of course generate much smaller benefits for the local and U.S. economies.
More Quotes from Alan Tonelson:
China is an economy growing at roughly 10 percent per year, they should be pulling in U.S. exports like crazy. That's not happening. I think you have to attribute it (a) to China's highly protectionist economic system and (b) to the American failure to open up Chinese markets.Alan Tonelson
We have had 15 years of Chinese promises to improve intellectual property protection. They have all proved to be false.
Alan Tonelson
We emphatically reject the idea that the only way we can restore our competitiveness is to reduce our level of taxation to Third-World levels.
Alan Tonelson
We are looking to Congress, ... It is clearer than ever that America's domestic manufacturers cannot count on any help from the White House to remedy this totally unacceptable situation.
Alan Tonelson
We expect to convert congressmen and their staffs to our own view point in trade policy,
Alan Tonelson
We think in one sense (China trade policy) has consisted of the indiscriminate opening of U.S. markets but has done little to open foreign markets to U.S. goods.
Alan Tonelson
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