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Duncan Hunter Jr. on Free Trade

 

 


Fair Trade to protect from unfair competition

Our nation needs to adopt a policy of Fair Trade that encourages the development of overseas markets, while protecting our industry and workers from unfair competition from countries like China, that flood our market with inferior, sometimes dangerous products produced in near-slave labor conditions.
Source: 2008 House campaign website, www.hunterin08.com, “Issues” , Nov 4, 2008

Impose tariffs against countries which manipulate currency.

Hunter Jr. signed Currency Reform for Fair Trade Act

[Explanatory note from Wikipedia.com "Exchange Rate"]:

Between 1994 and 2005, the Chinese yuan renminbi was pegged to the US dollar at RMB 8.28 to $1. Countries may gain an advantage in international trade if they manipulate the value of their currency by artificially keeping its value low. It is argued that China has succeeded in doing this over a long period of time. However, a 2005 appreciation of the Yuan by 22% was followed by a 39% increase in Chinese imports to the US. In 2010, other nations, including Japan & Brazil, attempted to devalue their currency in the hopes of subsidizing cheap exports and bolstering their ailing economies. A low exchange rate lowers the price of a country's goods for consumers in other countries but raises the price of imported goods for consumers in the manipulating country.

Source: HR.639&S.328 11-HR0639 on Feb 14, 2011

2017-18 Governor, House and Senate candidates on Free Trade: Duncan Hunter Jr. on other issues:
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Page last updated: Feb 07, 2019