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On The Trade Front: Heckuva Job, Obama Administration
Posted by Pejman Yousefzadeh on Sat Jan 24, 2009 at 10:53:17 PM EST
Let's review the bidding: An ill-considered statement from the Treasury Secretary tax delinquent nominee concerning Chinese currency re-evaluation may very well start off a trade war between the United States and China. If that's not enough, there has been little to no movement whatsoever on the part of Team Obama--stretching from the campaign to the present day--to indicate that there will be any serious effort to revive trade talks like the dormant Doha Round. This, naturally, leads people to think that instead of encouraging trade liberalization, the Obama Administration will seek to put the kibosh on it both through inaction on the trade diplomacy front and through the imposition of tariffs.
Gosh. Good thing that the nation's economy--not to mention the world's--is doing so well. Otherwise, stories like this one might cause a lot of concern.
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