President of the American Chamber of Commerce in South China: Trade frictions end with consumers

"Caijing reporter Jin Yu" Economic relations between China and the United States have been affected by trade frictions between the two countries, the first quarter of this year, Chinese foreign trade appeared 1.02 billion U.S. dollar deficit, in 7 years, the initial quarterly trade deficit.　　In this respect, Harley Seyedin, president of the South China Chamber of Commerce, who attended the 2011 Annual meeting of the Boao Forum for Asia, said to Caijing that the Sino-US trade dispute is very limited and the real problem with Sino-US trade is that there is not enough trade between us. In Harry's view, trade disputes are not just between the US and China, but more or less the United States and Canada and other countries. Because of the importance of the two economies in the US and China, the trade frictions between China and the United States attract more attention, in fact, the Sino-US trade dispute is very limited. China-US economic and trade relations have always maintained a rapid development momentum.　　At present, the two countries are the second largest trading partners, bilateral trade volume from 10 years ago, more than 80 billion U.S. dollars to 2010 of 385.3 billion U.S. dollars. Harry told Caijing reporter that about 1.1 million jobs in the United States depend on trade with China. The protectionist noises from time to time come from politicians and others who think protectionism will help trade growth and trade freedom, but the business world knows that protectionism does not work, and that trade protectionism will ultimately hurt consumers and consumers will pay more for it.