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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.


Blogger Ross 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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