Free Trade Carries a Hefty Price
Originally published in The Japan Times, March 18, 2002. Used with permission of Michael R. Czinkota and The Japan Times.
U.S. President George W. Bush’s decision to impose tariffs on steel imports into the United States has been decried as a politically motivated and economically ruinous move that marks the end of free trade and initiates a battle in the World Trade Organization.
We could, of course, dispatch our experts again to WTO hearings and start the traditional international charges and countercharges. The better alternative is to use this occasion to informally delineate a U.S. trade strategy that lets ...
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