You be kiddin' me, bro, no???originally posted by lliam:
We had to have straight bananas not bent ones.
Too true. Our internal sugar subsidies are part of what keeps the Carribean countries poor, and pays our sugar farmers for their Carribean cruises (you know, trickle down - they get rich, they go on vacation, they buy souvenirs and food.)originally posted by daibread:
Both the U.S. and the E.U. give vast subsidies to agriculture.
Washington Times 2003In the end, the economists were proven right. The tariff increases were bad economics and bad politics. Wherever Mr. Bush went in his political travels, he heard complaints from manufacturers who said the tariffs were driving up their costs and making them less competitive here and abroad. Moreover, the tariffs were a disincentive for U.S. steelmakers to modernize, cut costs and make other improvements in their production line.
The EU has imposed trade sanctions on a series of US products on 1 March as a result of a long-lasting trade dispute over illegal US tax breaks. For over two years, the US has failed to bring its legislation in line with WTO rules. "The name of the game is not retaliation but compliance," said Trade Commissioner Pascal Lamy, adding that countermeasures will be lifted the day the US complies with WTO rules. In his recent trip to Washington, Lamy discussed this issue with the US administration. Progress could rapidly be achieved.Originally posted by Nicole Marie:
Apples, oranges or bananas. The reason for some of these seemingly bizarre laws are for that countries domestic protection and the US should take a hint. The US has one of the largest trade deficits in the world. We buy more then we sell. The EU and China sell more then they buy. Many of the laws/restrictions on trade they have in place are to protect their domestic markets, trade surplus/shortage and consumers. The US would be smart to take a hint and try to drop our trade deficit by enacting some of our own rules. Free trade is dangerous, responsible trade is fair.
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