The Economist: Wearing Thin, How strong is Barack Obama's belief in free trade?
"Although Barack Obama alarmed free traders last year with protectionist-sounding pronouncements on the campaign trail, such as one about the need to renegotiate NAFTA, optimists among them dismissed this as mere posturing designed to placate restive trade unions. Yet a decision by the White House to impose punitive tariffs (35% for the first year, falling by five percentage points a year, to 25% in the third year) on Chinese-made pneumatic tyres now raises serious doubts about Mr Obama’s commitment to free trade."
http://www.economist.com/businessfinance/displayStory.cfm?story_id=14442673&sour...
14 Sep 2009
The Economist
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