In The News

Lawsuit Called Opening Salvo in Chinese Media War

Howard French January 3, 2007
A major Chinese newspaper is seeking damages from Tom.com, which republishes articles and photographs without authorization – and that could open a new frontier for intellectual-property rights protection in a country that has long been known for its free-for-all ways. Industry leaders in film, music and design have long complained about Chinese copycat firms that immediately steal and duplicate...

US and China Differ on Aim of Economic Talks

Steven R. Weisman December 18, 2006
After proposing dialogue on trade with China, the US treasury secretary did not expect Beijing to be so quick with its own sage advice for Washington. While the US expects China to adjust its currency, allowing it to float in relation to the dollar, China wants the US to stop borrowing so much money. Adjusting the Chinese currency would perhaps slow the Chinese export market, allowing China to...

Taming the Dragon

Gordon G. Chang December 15, 2006
Americans misunderstand their relationship with the Chinese, and that’s why little progress is made during any negotiations between the two nations, argues author Gordon Chang. The US repeatedly and mistakenly assumes that China can’t be pressured and that China has the upper hand because it holds so much US debt. Even if China were to pursue euros and yen instead of dollars, Chang argues that...

“Fair Trade” Lifts the Wrong Boats

Rick Newman December 12, 2006
Subsidies, tariffs and other forms of protectionism shield weak competitors – sometimes ending their ability to ever compete again in the global markets. The US auto and textile markets serve as examples. Three decades ago, US auto firms had protections in place, bashing competitors in Japan, but Japanese auto firms thrive and present efficient, desirable models. The textile industry, with its...

“Fair Trade” Foolishness

Robert Samuelson December 8, 2006
US politicians may oppose new trade agreements with nations like Peru and Colombia, but other nations will fill the void. The US could punish its own exporters by rejecting such trade agreements. The basis for such rejection is not so much traditional protectionism, suggests columnist Robert Samuelson, but rather an obstructionism and alarm at the notion of any trade at all. US citizens worry...

More Farmers Seek Subsidies as US Eats Imported Produce

Alexei Barrionuevo December 6, 2006
The US government has traditionally paid subsidies to protect farmers who grow cotton, corn, rice, wheat and soybeans, protecting those products against overseas competition. But with many more vegetables and fruits from China flooding global markets, US farmers who grow specialty products are uniting to demand funds for marketing and research. The subsidized commodity crops require more than 200...

Latin Americans Wonder if Democrats Are Traders

Sibylla Brodzinsky November 30, 2006
In an effort to keep good jobs in the US, Democrats in US Congress may push to change trade policy with the Americas. But that could result in job loss in countries like Colombia and Peru. Labor activists of both continents claim that many of these jobs are exploitative, but even so, the loss of steady work could result in economic instability, a spike in the illegal drug trade, as well as a...