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1、PassageOne(ClintonIsRight)PresidentClinton’sdecisiononApr.8tosendChinesePremierZhuRongjipackingwithoutanagreementonChina’sentryintotheWorldTradeOrganizationseemedtobeamassivemiscalculation.ThePresidenttookadrubbingfrommuchofthepress,whichhadbreathlesslyreportedthatade
2、alwasinthebag.TheCabinetandWhitHousestillappeareddivided,andbusinessleaderswerecharacterizedasfuriousoverthelostopportunity.ZhuchargedthatClintonlacked“thecourage”toreachanaccord.AndwhenClintonlatertelephonedtheangryZhutopledgearenewedeffortatnegotiations,thegesturewa
3、swidelyportrayedasaflip-flop.Infact,ClintonmadetherightdecisioninholdingoutforabetterWTOdeal.Alotmorehorsetradingisneededbeforeafinalagreementcanbereached.AndwithouttheAdministration’sgoalofa“bullet-proofagreement”thatbusinesslobbyistscanenthusiasticallyselltoaRepubli
4、canCongress,thewholeprocesswillendupinpartisanacrimonythatcouldharmrelationswithChinaforyears.THEHARDPART.Manybusinesslobbyists,whiledisappointedthatthedealwasnotclosed,agreethatbettertermscanstillbehad.AndTreasurySecretaryRobertE.Rubin,NationalEconomicCouncilDirector
5、GeneB.Sperling,CommerceSecretaryWilliamM.Daley,andtoptradenegotiatorCharleneBarshefskyalladvisedClintonthatwhiletheChinesehadmadearemarkablenumberofconcessions,“we’renotthereyet,”accordingtoseniorofficials.NegotiatingwithZhuovertheremainingissuesmaybetheeasypart.Altho
6、ughClintoncansignalU.S.approvalforChina’sentryintotheWTOhimself,heneedsCongresstograntBeijingpermanentmost-favored-nationstatusaspartofabroadtradeaccord.AndthetemptationformeddlingonCapitalHillmayproveover-whelming.ZhuhadbarelylandedbeforeSenateMajorityLeaderTrentLott
7、(R-Miss)declaredhimselfskepticalthatChinadeservedentryintotheWTO.AndSenatorsJesseA.Helms(R-N.C.)andEmestF.Hollings(D-S.C.)promisedtointroduceabillrequiringcongressionalapprovalofanydeal.Thehiddenmessagefromthesethreetextile-stateSoutherners:GetmoreprotectionfortheU.S.
8、clothingindustry.Hopingtosmooththeway,theAdministrationtried,butfailed,tobudgeZhuontextiles.Alsoleftinthelurch:WallStreet,Ho
