<p>Faced with the prospect of reciprocal policies that would punish U.S. exporters, President Bush recently backed away from the steel tariffs he had imposed earlier. Of course, abandoning that protectionism led to attacks from those who were being protected at others' expense, dressed up as patriotism and sovereignty arguments, as when United Steelworkers of America President Leo Gerard called it the "latest in a long line of WTO [World Trade Organization] decisions undercutting America." Those arguments are bogus.</p>