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1、PassageOne(ClintonIsRight)PresidentClinton’sdecisiononApr.8tosendChinesePremierZhuRongjipackingwithoutanagreementonChina’sentryintotheWorldTradeOrganizationseemedtobeamassivemiscalculation.ThePresidenttookadrubbingfrommuchofthepress,whichhadbreathlesslyreportedthatadealw
2、asinthebag.TheCabinetandWhitHousestillappeareddivided,andbusinessleaderswerecharacterizedasfuriousoverthelostopportunity.ZhuchargedthatClintonlacked“thecourage”toreachanaccord.AndwhenClintonlatertelephonedtheangryZhutopledgearenewedeffortatnegotiations,thegesturewaswidel
3、yportrayedasaflip-flop.Infact,ClintonmadetherightdecisioninholdingoutforabetterWTOdeal.Alotmorehorsetradingisneededbeforeafinalagreementcanbereached.AndwithouttheAdministration’sgoalofa“bullet-proofagreement”thatbusinesslobbyistscanenthusiasticallyselltoaRepublicanCongre
4、ss,thewholeprocesswillendupinpartisanacrimonythatcouldharmrelationswithChinaforyears.THEHARDPART.Manybusinesslobbyists,whiledisappointedthatthedealwasnotclosed,agreethatbettertermscanstillbehad.AndTreasurySecretaryRobertE.Rubin,NationalEconomicCouncilDirectorGeneB.Sperli
5、ng,CommerceSecretaryWilliamM.Daley,andtoptradenegotiatorCharleneBarshefskyalladvisedClintonthatwhiletheChinesehadmadearemarkablenumberofconcessions,“we’renotthereyet,”accordingtoseniorofficials.NegotiatingwithZhuovertheremainingissuesmaybetheeasypart.AlthoughClintoncansi
6、gnalU.S.approvalforChina’sentryintotheWTOhimself,heneedsCongresstograntBeijingpermanentmost-favored-nationstatusaspartofabroadtradeaccord.AndthetemptationformeddlingonCapitalHillmayproveover-whelming.ZhuhadbarelylandedbeforeSenateMajorityLeaderTrentLott(R-Miss)declaredhi
7、mselfskepticalthatChinadeservedentryintotheWTO.AndSenatorsJesseA.Helms(R-N.C.)andEmestF.Hollings(D-S.C.)promisedtointroduceabillrequiringcongressionalapprovalofanydeal.Thehiddenmessagefromthesethreetextile-stateSoutherners:GetmoreprotectionfortheU.S.clothingindustry.Hopi
8、ngtosmooththeway,theAdministrationtried,butfailed,tobudgeZhuontextiles.Alsoleftinthelurch:WallStreet,Ho
