Mr. Tonelson talked about trade relations between the U.S. and China. On January 1, 2004 China regained the ability to increase its world textile exports due to the expiration of elements of the General Agreement on Tariffs and Trade. With Ms. Hughes participating by telephone, the guests discussed the influence of this possible increase on the U.S. economy, as well its effect on U.S. economic relationships with other countries. The guests responded to telephone calls, faxes, and electronic mail from viewers.