Word: tariffs
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...Besides the reduction in the quotas - which E.U. trade commissioner Pascal Lamy couldn't resist characterizing as a "slightly smaller amount" - it's not clear what Bush's man on the scene, new U.S. trade representative Robert Zoellick, obtained in exchange for lifting the tariff. But just as there was a bigger picture (Taiwan, trade) to U.S.-China relations than one errant spy plane, there's a bigger picture to Europe-U.S. relations than bananas. Like Bush pulling out of Kyoto. Or insisting on a missile-defense shield. Or reassessing U.S. European troop balance in the Balkans...
...Caribbean share of our imports has risen from 24% to 38%, while China's share has dropped from 11% to 6%." Brazil's footwear industry is overwhelmed in the U.S. by China, where costs are 10% lower, but foresees a boom if it can eliminate the current 8.5% U.S. tariff...
...follow the option of force rather than submission in dealing with China. in the two "Opium Wars" of the early and mid 19th century, the British not only won the right to sell opium (grown in their Indian territories) inside China, but also established the system of low-tariff "Treaty Ports" - of which Shanghai swiftly became the most successful - along with the principle of "extraterritoriality." This stipulated that foreigners committing crimes on Chinese soil or in Chinese waters would be judged by the laws of their own countries rather than by those of China. The United States benefitted from...
...cannot endorse the gutting of vital government services that benefit all Americans to fund an unneeded tax cut that almost exclusively helps the rich. Not since the days of the Smoot-Hawley tariff has such a bad idea gained such wide currency. Democrats and responsible Republicans should rally behind their smaller, fairer alternative. They should campaign to delay the passage of tax bills until the final budget is agreed upon, and they should take Greenspan's advice and tie any tax cuts to successful reduction of the national debt...
...Bove, who on Thursday in a Montpellier court launched his appeal of a three-month prison sentence handed down last September, led the attack on the local McDonald's after the U.S. slapped a 100 percent tariff on the import of the Roquefort cheese made by the accused and his fellow fighting farmers. The U.S. tariff had been sanctioned by the World Trade Organization, as a retaliation for France's ban on hormone-treated American beef...