Did Bush Support China Joining The World Trade Organization?
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Title : Did Bush Support China Joining The World Trade Organization?
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Title : Did Bush Support China Joining The World Trade Organization?
link : Did Bush Support China Joining The World Trade Organization?
news-today.world | Former White House chief strategist Steve Bannon claimed in an interviewSunday on CBS’s “60 Minutes” that former President George W. Bush let China join the World Trade Organization (WTO).
Verdict: True
The Bush administration backed China’s membership in the WTO.
Fact Check:
In the interview, Bannon framed American support for China joining the WTO as a mistake that contributed to China’s rise as an economic competitor.
“The elites in this country have got us in a situation,” lamented Bannon. “The geniuses in the Bush administration that let China in the WTO, and genius in the Bush administration told us, ‘Hey, they’re gonna be a liberal democracy. They’re going to be free-market capitalism.’ Okay? The same geniuses that got us into Iraq, that’s the geniuses of the Bush administration.”
China gained admission to the WTO in 2001, a move that more fully integrated the country into the world economy. To become a member, China committedto reducing agricultural and industrial tariffs and abide by rules-based trade with other WTO members.
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Verdict: True
The Bush administration backed China’s membership in the WTO.
Fact Check:
In the interview, Bannon framed American support for China joining the WTO as a mistake that contributed to China’s rise as an economic competitor.
“The elites in this country have got us in a situation,” lamented Bannon. “The geniuses in the Bush administration that let China in the WTO, and genius in the Bush administration told us, ‘Hey, they’re gonna be a liberal democracy. They’re going to be free-market capitalism.’ Okay? The same geniuses that got us into Iraq, that’s the geniuses of the Bush administration.”
China gained admission to the WTO in 2001, a move that more fully integrated the country into the world economy. To become a member, China committedto reducing agricultural and industrial tariffs and abide by rules-based trade with other WTO members.
More
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You are now reading the article Did Bush Support China Joining The World Trade Organization? With link address https://newstoday-ok.blogspot.com/2017/09/did-bush-support-china-joining-world.html