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A New Protectionism: Dashed Hopes and Perhaps Worse for US Trade Policy
Beginning of article
Over the next 14 months, culminating in US elections in November 2008, the world will learn whether America's budding protectionism reaches full bloom or is just a passing fancy. The global economy can shake off a failed Doha Round of multilateral trade negotiations without missing two beats. But if the United States turns inward as well, the consequences could be profound and far-reaching.
Some would argue that US protectionism is already beyond the budding stage. There has been an explosion in the use of trade remedies in 2007, including the first US antidumping case initiated against Australia in 15 years (involving the electrolytic manganese dioxide industry).
Earlier …
