October 18, 2011 3:14 AM
- Text
US states balance China as both partner and rival
(AP) OLYMPIA, Wash. — A group of U.S. governors is traveling to China this week to explore new economic relations, even as national political leaders escalate talks of sanctioning the country over trade policy.
Washington Gov. Chris Gregoire says now is a vital time to be working diplomatically with China instead of intensifying disputes. China is by far the largest destination for Washington state exports, including apples and airplanes, accounting for about $10 billion in product.
The U.S. Senate voted last week to threaten China with higher tariffs because of a dispute surrounding its currency valuation, and Republican presidential candidate Mitt Romney has accused China of stealing American inventions. Gregoire worries about the current rhetoric and says Chinese retribution could affect state economies.
Gregoire is leading the delegation in meetings that start Tuesday.
Washington Gov. Chris Gregoire says now is a vital time to be working diplomatically with China instead of intensifying disputes. China is by far the largest destination for Washington state exports, including apples and airplanes, accounting for about $10 billion in product.
The U.S. Senate voted last week to threaten China with higher tariffs because of a dispute surrounding its currency valuation, and Republican presidential candidate Mitt Romney has accused China of stealing American inventions. Gregoire worries about the current rhetoric and says Chinese retribution could affect state economies.
Gregoire is leading the delegation in meetings that start Tuesday.
Popular Now in Business
- High income workers' share of total wages grows
- Fed leader says further bond purchases may needed
- Sandy Spring Bancorp 3Q profit leaps 76 percent
- On the Call: Capital One CEO on debit card fees
- Dril-Quip chairman, CEO retires
- Incomes down for most but up for wealthiest
- BankUnited Financial says it wins court ruling
- Synaptics fiscal 1Q falls on weak PC demand
- Mo. House bails out from fighter jet controversy
- HP's chief strategy exec to retire
- Athenahealth beats 3Q earnings estimates
- Ingersoll-Rand's 3Q profit falls on charges
- Business Highlights
- Few Americans take immigrants' jobs in Alabama
- NYSE stocks posting largest volume decreases
- NYSE stocks posting largest volume increases
- Nasdaq stocks posting largest volume decreases
Latest CBS News Headlines
on Facebook
on CBS News
- After low-key start, Romney talks of winning Iowa
- For Chicago's poor, a long wait in line for food
- HP's chief strategy exec to retire
- Liverpool owner says no truth to relegation report
on Facebook
- Qaddafi dead after Sirte battle, PM confirms
- Libyan officials: Qaddafi killed in Sirte
- Sheriff: Big cat bit owner's head after suicide
- Sheriff: Missing Ohio monkey believed eaten
- GRAPHIC VIDEO: Qaddafi's bloody body
on CBS News