Date registered: May 2005
Vehicle: 85 300 TDT
Location: The DC Burbs
Mentioned: 1 Post(s)
Quoted: 19 Post(s)
Trade protectionism is the fruit of Big Labor.
Still think trade protectionism is good policy? Tell it to fruit growers in the Northwest, who are already feeling the bite of President Obama's decision to appease the Teamsters union and bar Mexican trucks from U.S. highways.
Mr. Obama acquiesced in Congress's unilateral rewriting of Nafta earlier this year, despite warnings of potential retaliation. Well, last month Mexico responded with a 20% tariff on select U.S. products, including pears, cherries, apricots and Christmas trees. The Capital Press agriculture Web site reports that pear exports to Mexico have already "ground to a halt" as importers stop buying them because of the cost and uncertainty. That's a potential annual loss of $50 million to $60 million in U.S. pear exports alone. "If we have that 20% tariff and Argentina enters the market, it could hurt our ability to ship fruit the rest of the season," said Jeff Correa, of the Pear Bureau Northwest.
That's how trade wars work. A tariff imposed to please a powerful domestic constituency leads to retaliation that whacks innocent bystanders who lack the ear of the White House or Speaker of the House. In this case, a payoff to the Teamsters stuffed in a spending bill has now become a hardship for the farm growers and workers of Oregon. We elect Presidents to stop this kind of economic damage, not to promote it.
To Appease Big Labor, Barack Obama Wages Trade War With Mexico Only to Hurt Domestic Fruit Producers - WSJ.com
Hah - I know Jeff personally and used to work with him and his industry. He'll be none pleased to find out his quote has trickled its way down to the lowest common denominator of the the English language - BW Off Topic!
Scott in MD/DC
85 TDT the "Blue Whale"
past: W124 wagon, W126, W202, W201, lotsa VDubs