Word: tradings
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...center of gravity in international trade has really shifted from the European side...to the East Asian side,” he said. “This isn’t only the story of China.” He added that China’s success is “built on the fabric of the emergence of East Asia...
Beijing has cried foul to the World Trade Organization (WTO) after being whacked with a 35% U.S. tariff on Chinese tires in what some fear could lead to an escalating trade war. The U.S. argues that cheap imports were harming its tire industry; China has said it might limit U.S. auto and chicken imports in response...
...Trade Barriers: Shots Heard Round the World...
George W. Bush imposes tariffs of up to 30% on imported steel in an effort to bolster the struggling U.S. industry. Facing a possible trade war with Europe and an official WTO rebuke, he repeals them...
There's been a trade-off. By keeping the recession from turning into a depression, the bailouts kept millions of people from ruin. But this success may have made it impossible to fix what ailed the financial system in the first place, which could eventually bring ruin to even more millions. The future is uncertain, so there's a lot to be said for solving today's real problems rather than obsessing about tomorrow's hypothetical ones. The trouble is that they won't stay hypothetical forever...