"China is crippling our manufacturing economy and eliminating our jobs by illegally flooding our markets"
- Virginia Foxx
About this Quote
This quote by Virginia Foxx suggests that China is having an unfavorable effect on the United States economy by flooding the US markets with unlawfully produced goods. This is causing a decline in the number of tasks offered in the United States production sector, as United States business are not able to take on the less expensive Chinese goods. This is having a harmful effect on the United States economy, as less tasks are offered and the US is not able to produce goods as cheaply as China. This could lead to a decline in the US GDP, as fewer items are being produced and less individuals are used. It is clear that China's unlawful flooding of the US markets is having an unfavorable effect on the US economy, and it is necessary that steps are taken to resolve this problem.
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