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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: protectionism

protectionism stories: 19 news summaries

OPINION

 Obama Set to 
 Bankrupt US, 
 Appease Foes 

Wrongheaded policies to be on display at UN, G20 meetings

(Newser) - President Obama's agenda can be summed up as "beggar thy neighbor, bankrupt thy country, and appease thy foe," as can be seen in his plans for summit meetings this week, Bret Stephens writes in the Wall Street Journal. The president chairs a UN Security Council meeting on... More »

(Newser) - US-China trade tensions escalated yesterday when Beijing announced it was investigating whether the US dumped auto parts and chicken products onto the Chinese market, the LA Times reports. An expert calls the retaliatory move, which comes days after the White House slapped a 35% import tariff on Chinese tires, "... More »

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China exports tariffs labor unions protectionism chicken Chinese exports tires

Obama Slaps Stiff Tariff
on Chinese Tires

China threatens retaliation after president moves to protect US tire industry

(Newser) - President Obama has imposed tough new tariffs on the import of Chinese-made tires, the Wall Street Journal reports. The 35% import tariff comes in response to industry complaints that Chinese-made tires are flooding the US, jeopardizing thousands of jobs. China attacked the decision, saying it violated trade rules, and threatened... More »

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China imports tariffs protectionism World Trade Organization. Chinese exports tires

'Three Amigos' Summit May Not Be So Amicable

Canada, Mexico both angry about Obama protectionism

(Newser) - President Obama is headed to Guadalajara today for his first "Three Amigos" summit with the leaders of Canada and Mexico, but the meeting may be less than completely friendly. Trade and drug trafficking will dominate the agenda, and the leaders have some grievances they plan to press, reports Reuters.... More »

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Barack Obama diplomacy Mexico Canada NAFTA Stephen Harper Three Amigos protectionism protectionist trade measures Felipe Calderón

OPINION

Only Trade Can Rescue World Economy: Brown

'A banking crisis has become a trade crisis,' writes British PM

(Newser) - The banking crisis has stabilized, according to Gordon Brown, but a new calamity has replaced it: "a trade crisis" that is killing jobs in industrialized nations and exacerbating poverty in developing ones. Globalization has compounded the downturn, but it can also accelerate the pickup, the British PM writes in... More »

(Newser) - The G20 leaders have agreed to a plan to pump $1 trillion into the world economy, British PM Gordon Brown announced today; the agreement will also tighten global financial regulation and crack down on secret tax havens. The plan calls for:
  • The money available to the International Monetary Fund
... More »

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China global economy protectionism G20 tax haven global stimulus

Free Trade Under Fire as Protectionism Surges

November's G-20 agreement is abandoned as nations erect commerce barriers

(Newser) - The global recession has protectionism making a comeback, the New York Times reports, dimming hopes that leaders can create lasting solutions to the crisis at April’s Group of 20 economic summit in London. The last G-20 meeting, held in November, yielded an agreement to promote free trade that was... More »

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China Barack Obama India Mexico tariffs free trade protectionism free trade agreements G20 carbon emissions trade barriers financial crisis Steven Chu

(Newser) - A gaggle of foreign businesses are quietly clamoring for a piece of the $787 billion US stimulus package, the Washington Post reports. The bill sets aside billions for technologies pioneered by European and Asian companies, such as clean energy and high-speed transit. Many of those firms have significant US... More »

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international trade protectionism economic stimulus package

(AP) - Mexico said yesterday it will increase tariffs on about 90 US products in retaliation for last week's decision to end a pilot program that allowed some Mexican trucks to transport goods in the United States. The measure will affect about $2.4 billion in trade involving goods from 40 states.... More »

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Mexico trade NAFTA tariffs free trade protectionism

New White House Tougher
on Trading Partners 

Trade nominee vows renegotiated pacts, tougher enforcement

(Newser) - The Obama administration is taking a harder line with trading partners, reworking policy to  emphasize priorities from unemployment at home to climate change, the Washington Post reports. The White House will seek to renegotiate trade deals with South Korea and Colombia and will demand broad concessions from other countries at... More »

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Barack Obama trade free trade protectionism US Trade Representative Obama administration Ron Kirk

analysis

 The Next Economic 
 Victim: Globalization 

Plunging exports, protectionism undercut 'golden age'


(Newser) - World trade has quadrupled since 1982, but economic woes are eating away at globalization’s “golden age” as exports fall, foreign workers head home, and governments seek to protect their own, the Washington Post reports. “The collapse of globalization is absolutely possible,” said a US economist. “... More »

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globalization exports global economy immigrant protectionism

Obama, Brown Firm Up 'Special Relationship' 

Leaders pledge economic cooperation

(Newser) - Gordon Brown and President Obama met today, as Obama praised the “special relationship” between Britain and the US, the BBC reports. Obama said the ties between the two nations were “important to the American people” and would “only get stronger.” The British prime minister will address... More »

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Barack Obama Gordon Brown Britain protectionism special relationship President Obama

 Obama Heads 
 to Canada Amid 
 Trade Concerns 

NAFTA issues likely to loom large over visit

(Newser) - Barack Obama makes his first foreign trip as president today to Canada, and his talks there are likely to touch on some thorny trade issues, the New York Times reports. Obama spoke forcefully in favor of reopening NAFTA while a candidate, but intends to focus on strengthening the US-Canada trade... More »

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Barack Obama Canada NAFTA free trade protectionism Obama administration

 Senate Dilutes 
 'Buy American' Plan 

Amendment calls for stimulus plan to honor existing trade agreements

(Newser) - The Senate has voted to water down the "Buy American" clause in the economic stimulus package amid fears it could trigger a trade war, Reuters reports. The requirement that stimulus-funded projects use American-made iron, steel and manufactured goods now includes the proviso that it only be applied in a... More »

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Senate iron steel free trade protectionism economic stimulus package free trade agreements

Japan's PM Slams
'Buy American' Provision

World leaders roundly criticize stimulus provision

(Newser) - Japan’s prime minister today slammed the “Buy American” clause in the proposed economic-stimulus bill currently being considered by the US Senate, the Financial Times reports. Speaking in parliament, Taro Aso said that requiring stimulus projects to use US-made materials is “definitely wrong,” and contrary to the... More »

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Congress Japan Senate prime minister Taro Aso free trade protectionism economic stimulus package US Senate fiscal policy

 Big Biz Slams 
 'Buy American' 
 Stimulus Clause 

Exporters warn of foreign backlash if package erects free-trade barriers

(Newser) - American exporters are fighting to ditch "Buy American" provisions from the economic stimulus package, the Washington Post reports. The House version bars most foreign iron and steel from stimulus projects, while a Senate version calls for only American-made equipment and goods to be used in nearly all projects to... More »

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General Electric iron Caterpillar US economy steel free trade protectionism US exports economic stimulus package

OPINION

Obama Advisers Please the Right, But Not Much

Two 'pro-free-trade' centrists guide him,
up to a point

(Newser) - If Barack Obama takes office, conservatives can take a small measure of comfort knowing that  two of his top economic advisers have generated angst on the left for being "centrist, pro-free-traders," writes Cesar Conda in the Weekly Standard. Austan Goolsbee and Jason Furman—the latter a Wal-Mart defender—... More »

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Barack Obama globalization Medicaid NAFTA George Will free trade protectionism Austan Goolsbee economic adviser Jason Furman

OPINION

Canada Could Hurt Firms It Tries to 'Protect'

Blocking US purchase of space division is 'significant risk'

(Newser) - A move last month by the Canadian government to block the country's top space-tech firm from selling one of its divisions to a US buyer illustrates a tricky balancing act, Christopher Sands writes in the American: How far should Ottawa go to appease nationalist sentiment if it eats into economic... More »

Bush Vows Free Trade Push

Slams executive compensation as 'unfair'

(Newser) - President Bush believes many Americans have lost confidence that they can compete in the world economy and he plans to champion his free trade agenda in the final months of his presidency, he told the Wall Street Journal. Bush also criticized excessive executive compensation, saying some salaries "send a... More »

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globalization executive compensation Colombia US economy tariffs free trade isolationism protectionism Hugo Chávez George W. Bush

19 Stories