Word: tariffers
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Even if there is an agreement, it may not be the breakthrough Africa is waiting for, say critics. Europe wants to exclude some products from its tariff cuts, and the U.S. proposal would effectively ease subsidies 2% by renaming existing supports or disguising them as other payments. "It's a case of smoke and mirrors," says Céline Charveriat, head of Oxfam's Make Trade Fair campaign. "If this offer goes ahead, trade-distorting domestic subsidies will remain almost completely unchanged...
...reasons why:10. Unleash your creativity: Teaching doesn’t have to fit the stereotype presented in that classic movie of 1986 (anyone? anyone?): “Ferris Bueller’s Day Off.” No topic (except perhaps the Hawley-Smoot Tariff Act) can prevent good teachers from constructing lesson plans that pique their students’ curiosity. All-star educators can explain the difference between capitalism and communism with a bag of M&M’s and can start any history lesson with an article from the day’s newspaper...
...Temporarily, at least, the announcement should also placate hawkish politicians in the U.S. and Europe who were lobbying for protectionist measures to stem the tide of Chinese imports. Legislation in the U.S. that would have imposed a 27.5% tariff on all Chinese imports if Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer...
...critics of China will likely keep agitating for a full float of the yuan?mean-ing that it would trade at whatever exchange rate the market determines. "We expect more," said U.S. Senator Charles Schumer, one of the sponsors of the bill that would impose a punitively high tariff on Chinese imports...
...enormous extent of the President's memory impresses me," says Morris. On almost any subject from the past half-century that Morris has raised, Reagan has had an observation based on firsthand experience: the Depression, the Smoot-Hawley Tariff, the rise of fascism, name it. Nothing escapes Morris' scrutiny. He has become convinced, for instance, that that lush, indestructible head of dark hair plays a part in the imagery of perpetual Reagan youth and thus in his remarkable leadership...