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Thursday, March 15, 2007

the u.s. commerce department, china, and hypocrisy

From this Reuters report:
WASHINGTON (Reuters) - The U.S. Commerce Department said on Thursday it is prepared to change a policy more than 20 years old and impose countervailing duties on non-market economies like China if the situation warrants.

Many U.S. manufacturers and lawmakers are frustrated by the Commerce Department's long-standing policy of not applying the duties to offset government subsidies in non-market economies like China and Vietnam.

The U.S. never subsidizes its exports, nosiree! Sheesh.

By the by, you may be wondering where the heck I've been. More on that later.

1 Comments:

Blogger A. W. View said...

This is just more evidence of what a truly awful administration we have. This policy will hurt the Chinese and U.S. consumers and only benefit the crony capitalists here in the U.S. who are pushing for protectionism.

3:24 PM  

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