Free Trade means the equal treatment of both parties. It means two way trade.
Trade relations on the other hand are often unfair and imbalanced. We give China a 5% tariff rate and they give us a 40% tarriff...
China trade is a classic example of a one way street.
Have you seen the latest issue of Forbes magazine? Go check out the article about labor in Asia.
How do sweat shops contribute to the economy?
Thanks. I will.
Bob Zoellick had a lengthy piece in the Dec 7th Economist preaching the usual free trade gospel. Not surprisingly, there was nothing substantial addressing the effects of the Uruguay round on US jobs, let alone the in-progress DDA (Doha Development Agenda).
It seems clearer every day that -- in almost every conceivable way -- there is a widening chasm between America's political elites and her average citizens.