The Bush Administration’s political pandering to the manufacturing sector (apparently now called the “American worker”), has finally escalated into a trade war. After the Wall Street Journal today reported that a quota had been enacted against bras coming from China, the Financial Times wrote this: “China on Wednesday reacted angrily against a US decision to impose new import restrictions on several types of textiles and clothing from China and hinted the move could spark retaliation.” First Afghanistan, then Iraq...now China?
The Trade War’s Opening Salvo
