The coming trade war

The Washington Times ^ | 4/2/2002 | House Editorial

[xsysmgr]

The Bush administration has the dubious distinction of having started a trade war that is gaining some momentum. As part of its election strategy to woo key states, the administration contradicted its own advocacy of free-trade and erected tariffs on steel imports of up to 30 percent, which took effect last month. Unsurprisingly, that move has triggered retaliation the world over. It provides an illustrative lesson on the perils of politically motivated protectionism.

[gaspar]

If Bush states that the US stands ready to place a 100% import duty on all foreign liquors, beer and wine the tempest will blow over in a week.

[Aaron_A]

Imo this trade war brewing with Canada should be of particular concern....they are probably our most reliable energy provider.

[Tauzero]

Yep, it sure is a bear market.

[lepton]

The White House should have foreseen just what it was putting into motion.

Yep...