Tag Archive | "trade war"

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Fishy Politics May Harm US Consumers

Fishy Politics May Harm US Consumers

The Wall Street Journal has a great editorial today on one US industry’s latest attempt to secure some protection against foreign imports, which just may spark a trade war with an important target for American exports. This time, it’s the farmed fish industry, and the imports in question are catfish from Vietnam.

The U.S. catfish farming industry, located primarily in Alabama, Arkansas, and Mississippi, faces tough competition from Vietnamese imports, the value of which rose from $2 million in 1998 to $46 million…

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Posted in Agriculture, International, Natural Resources, Regulation, TradeComments (2)

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Stimulus Ignites Job-Killing Trade War With Canada

The $800 billion stimulus package pushed through by Obama has ignited a trade war with Canada, reports the Washington Post. In response to vague “buy American” provisions in the stimulus, “A number of Ontario towns, with a collective population of nearly 500,000, retaliated with measures effectively barring U.S. companies from their municipal contracts — the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.”

A trade war is also underway…

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Posted in Economy, Employment, Energy, Environment, Global Warming, International, Odds & Ends, Politics as Usual, Stimulus to Nowhere, TradeComments (1)

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Energy bill — “first shot” in carbon trade war?

Energy bill — “first shot” in carbon trade war?

In the wake of the release of the Waxman-Markey energy bill, many commenters have pointed to the drastic restrictions on domestic energy use to address greenhouse gas emissions, while some, like CEI, have pointed to the huge economic costs that would result — costs that would be paid for by consumers and in terms of reduced manufacturing and jobs.  Few have noted a further economic consequence — the possible disruption of the world trading system because of the bill’s endorsement of…

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Posted in Economy, Energy, Environment, Global Warming, International, TradeComments (2)

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Stimulus Plan Repeats Mistakes That Spawned Great Depression

Stimulus Plan Repeats Mistakes That Spawned Great Depression

The European Union is threatening a trade war over provisions in the $800 billion “stimulus” package backed by Obama and Congressional leaders. The Great Depression resulted partly from the trade war that followed the Smoot-Hawley Tariff signed into law by Herbert Hoover, which Congressional leaders wrongly thought would help end the recession that followed the 1929 stock market collapse.

The stimulus package also contains tons of red tape and strings attached to the money it showers on state governments, in order to…

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Posted in Bailout Watch, Economy, Labor, Legal, Politics as Usual, Regulation, Stimulus to Nowhere, TradeComments (3)

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