Protection Racket

April 2005
New Republic;4/25/2005, Vol. 232 Issue 15, p7
Presents an editorial regarding United States President George W. Bush's use of protectionism for short-term political gain. Reference to a Commerce Department report showing a February 2005 trade deficit of $61 billion; Surge of Chinese textile and clothing imports due to the expiration of the Multi-Fiber Agreement, a global quota regime; Pressures placed on Bush by the U.S. textile industry to reimpose quotas; Decline of the textile industry in the United States.


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