Saturday, July 28, 2007

The New Protectionism

This is bad news:
Passed by a vote of 20-1, the Senate Finance Committee's measure would allow U.S. companies to seek anti-dumping duties on goods from any country that maintains a "fundamentally misaligned" exchange rate after being formally cited by the United States.
I am hoping for a veto threat. For now, kudos to Senator Maria Cantwell for being the sole vote against the measure.