The January trends spotlight the continued decline of national competitiveness in industries of the future such as high-tech.

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.

This is a total reversal of Henry Ford's landmark insight,

I see no prospect of a change that would significantly alter the landscape of U.S.-China trade relations.

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.

We just don't see how current U.S. strategy is going to reverse these very dangerous trends.

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.

We expect to convert congressmen and their staffs to our own view point in trade policy,

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.

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.