China, Oil, US Senators, and the WTO

http://businessweek.com/ap/financialnews/d8b9u6lo0.htm?campaign_id=apn_asia_up

So what if the loans are subsidized? It certainly does not concern US Senators. The Chinese people are the ones being hurt by their government's market interference. Mr. Conrad and Mr. Bunning's proposal can only hurt Unocal shareholders. Considering that their constituencies contain more Unocal shareholders than Chinese citizens, I do not understand their logic.

As for the WTO, the US should eliminate all tariffs and subsidies and leave the WTO. Free trade is the dominant strategy for any country. As long as there is a WTO, there cannot be absolute free trade, because the WTO needs trade barriers and subsidies to justify its existence. A constitutional amendment guaranteeing free trade would be a good start in cleaning up Washington.