Thursday, April 10, 2008

Make it a double

"Yet opinion in Washington remains starkly divided. One trade expert and one representative from the American Farm Bureau discuss whether the United States should cut its farm subsidies in a recent Online Debate. More basically, discussion of the merits of free trade itself remains highly politicized on Capitol Hill, and the recent expiration of President Bush’s “fast-track” trade promotion authority means any potential multilateral trade deal would be subject to congressional markups. None of this would prevent trade deals from proliferating in the developing world. The question raised by experts like CFR’s Jagdish Bhagwati is whether the United States will be a part of these deals."

Protectionism for us, free trade for them: that's the motto.

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