In The News

Edmund L. Andrews August 23, 2002
American steel companies and their representatives in Congress called on President Bush to rescue their dying industry and increase steel tariffs this spring. He did so, infuriating the European Union, which then filed a complaint with the World Trade Organization, arguing that the U.S. was violating free trade rules. Bush has tried to satisfy both sides, discreetly excluding some steel...
Ursula Owre Masterson August 21, 2002
Civil war has ravaged countries like Sierra Leone and Angola for decades. These conflicts, as much about money as about politics, often center around one of the African continent’s most precious resources: diamonds. Rebel groups often sell the gems to developed countries and use the profits to fund their fighting. After years of benefiting from the cheaper stones, Western governments, led by...
August 2, 2002
After a long period of intensive lobbying that spanned two administrations, President Bush won a key victory for his international trade platform when Congress granted him trade promotion authority. This authority means Congress must either accept or reject in full any international trade agreement the Bush administration proposes, rather than picking through it. But while this will certainly...
Elizabeth Becker June 27, 2002
Thanks to record high US farm subsidies, American farmers can produce cheap crops that drive drown prices in foreign markets. Even though the US maintains that its farm subsidies are within WTO limits, countries around the world believe that the subsidies are contributing to the underdevelopment of agriculture-dependent African and Latin American economies. The US contends that it is trade...
Keith Bradsher June 23, 2002
Local and domestic interests are often at odds with broad issues of global concern. However, a recent New York Times dispatch from Pakistan shows how competing global policies can also create conflict in the local sphere, resulting in global ramifications. By pursuing trade 'fast-track' authority, the Bush administration has adopted a course of action that could directly impinge upon...
Jagdish Bhagwati April 17, 2002
President George W. Bush is supposed to stand for free trade and open immigration. However, his recent policies speak otherwise. New steel tariffs have been applied in a preferential fashion, and immigration initiatives favor Mexicans. While some friends of the U.S., like Brazil, South Africa, and South Korea, are exempt from steel tariffs, the E.U. is not. And although the Immigration and...
David E. Sanger March 4, 2002
The American steel industry, once booming, is now on the verge of failure. Unions and major steel companies are calling on President Bush to save steel jobs by imposing high tariffs on all steel imports. Bush faces a sticky political situation. Tariffs – which contradict the free trade principles that Bush advocates – would likely alienate international allies in Europe and Asia that Bush...