Jun 27, 2005
Trade Wars: The Empire Strikes Back
A long time ago in a galaxy far, far away ...
Representatives of the Imperial President have traveled to the far eastern region to “negotiate” strict limits on exports. Although the recent surge in shipments of badly needed inexpensive clothing from traders in the region has raised the living standards of low-income people in the home of the Imperial Government, it offends well-connected Trade Federation interests. During the negotiations the far eastern leaders hold firm against the Empire’s intimidation and pressure. A trade war looms. Back in the capital of the Empire —
Hold on a minute. This is not the beginning of the next installment of Star Wars. It’s the latest news of the Bush administration’s attempt to get the government of China to rein in its apparel exporters.
More at The Future of Freedom Foundation here.
Representatives of the Imperial President have traveled to the far eastern region to “negotiate” strict limits on exports. Although the recent surge in shipments of badly needed inexpensive clothing from traders in the region has raised the living standards of low-income people in the home of the Imperial Government, it offends well-connected Trade Federation interests. During the negotiations the far eastern leaders hold firm against the Empire’s intimidation and pressure. A trade war looms. Back in the capital of the Empire —
Hold on a minute. This is not the beginning of the next installment of Star Wars. It’s the latest news of the Bush administration’s attempt to get the government of China to rein in its apparel exporters.
More at The Future of Freedom Foundation here.