Come to think of it why not trade barriers, or more specifically, tariffs negotiated bilaterally and passed by Congress as provided in our Constitution? I cannot understand a nation being stupid enough to bankrupt itself with unpaid foreign trade deficits resulting from poor trading agreements.
Come to think of it why not trade barriers, or more specifically, tariffs negotiated bilaterally and passed by Congress as provided in our Constitution? I cannot understand a nation being stupid enough to bankrupt itself with unpaid foreign trade deficits resulting from poor trading agreements.
meenie
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Probably a longer answer than you were looking for, but in short due to international groups the plan is we are not allowed to set things to benefit us.
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The World Bank has calculated that if rich countries cut farm tariffs to 10 percent and those on industrial goods to five, with developing countries going to 15 percent and 10 percent, respectively, 144 million people could be lifted out of poverty and world income boosted by $520 billion, mostly among poor nations, by 2015. ? Reuters
Developed countries in particular are urged:
Trade Access: to grant free access to their markets for goods produced in poor countries -- and, as a first step, to be prepared to adopt a policy of duty-free and quota-free access for essentially all exports from the least-developed countries at the UN Conference on the Least Developed Countries in March 2001.
Debt Relief: to implement the expansion of the debt relief program for Heavily Indebted Poor Countries agreed last year without
further delay, and to be prepared to cancel all official debts of the heavily indebted poor countries, in return for those countries
making demonstrable commitments to poverty reduction.
ODA: to grant more generous development assistance, particularly to those countries that are genuinely applying their resources
to poverty reduction. Millennium Summit
FTAA works much the same way with America agreeing to eliminate and phase out its tariffs while poorer countries can access our markets including government procurement. In fact on government procurement the countries identified as poorest have a special privilege. Eventually the developing and poorer countries are supposed to lower their tariffs as well. No country is allowed to set tariff or duties outside of the agreement.
Also look up how the WTO decides disputes they are supposedly always decided in the interest of free trade (behind close doors to boot). We are not free to set tariffs and duties how we see best fit in the US interest as long as we are part of any of the monstrous global groups.