Word: protectionists
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...appears that Dell can undercut Legend's prices despite China's protectionist tariffs. The American company offers a starter PC for $97 less than Legend's comparable entry-level model. Any pricing edge enjoyed by Dell could increase over the next several years; China's entry into the World Trade Organization means tariffs on imported PCs will decline from 13% to zero...
...sophisticated moral sensibilities with his plainspoken bluster about "the axis of evil." But last week, U.S. unilateralism struck an especially sensitive part of Europeans' anatomy: their pocket books. In a decision that seems directly to contradict the free-market gospel that is America's chief political export, Bush imposed protectionist tariffs of 8% to 30% on foreign steel...
Tariffs and protectionist trade policies will not contribute to a better national or global economy in the long-term, nor will it motivate foundering industries to improve. Rather than raising barriers, the government should seek to encourage American industries to improve themselves, and thereby compete in the international marketplace...
...applause from liberal constituencies. But Bono stresses a more subtle point, and one that often raises opposition on the political left. For many nations, exporting agricultural commodities and cheap T shirts is the best way to raise standards of living, yet as soon as they try to do so, protectionist lobbies in the First World--French farmers, American textile firms--scream bloody murder. Bono isn't swayed. "There is no justification," he says, "for denying the very poorest countries market access...
...applause from liberal constituencies. But Bono stresses a more subtle point, and one that often raises opposition on the political left. For many nations, exporting agricultural commodities and cheap T shirts is the best way to raise standards of living, yet as soon as they try to do so, protectionist lobbies in the First World-French farmers, American textile firms-scream bloody murder. Bono isn't swayed. "There is no justification," he says, "for denying the very poorest countries market access...