« Next Up: Immigration Reform | Main | Quote of the Day: North Korea »
May 14, 2005
Free Trade... but only when and where they want it
In case you missed it, the Bush administration caved yesterday to the textile lobby in Washington. Someone needs to hold these guys accountable and point out their rhetoric on free trade too often doesn't match their actions. You would think with a vote on CAFTA fast approaching, consitancy on the benefits of free trade would be a good thing. Here is the report from the AP:
U.S. Textile Makers Praise Chinese Quotas
WASHINGTON - U.S. textile and clothing manufacturers are praising the Bush administration for re-imposing quotas on Chinese-made cotton trousers, cotton knit shirts and underwear, saying the quick action was needed to save thousands of American jobs.
But retailers are complaining that the new limits on Chinese imports and more that are expected to be imposed on other clothing categories will simply mean higher prices for American consumers.
The administration announced late Friday that it was re-imposing quotas in the three clothing categories, where it had launched its own investigations in early April.
Maybe the administration should consider reading it's own website. They could start with this page "The Benefits of Trade".
Posted by Peter Mork at May 14, 2005 2:19 PM
Trackback Pings
TrackBack URL for this entry:
http://www.economicswithaface.com/mt/mt-tb.cgi/152/[What is Peter Mork's first name?]
(Please add the answer to the question to the end of the link in order to trackback this entry.)
Comments
Email Comments Here