Wednesday, January 30, 2008

Bush to push for trade deals

The White House is planning a major campaign to persuade a reluctant Congress to approve free trade deals with Colombia, South Korea and Panama this year, a senior Commerce Department official said on Wednesday. But the Bush administration is unlikely to accept legislation hiking duties on Chinese imports as a tradeoff for those pacts, Under Secretary of Commerce for International Trade Chris Padilla said in an interview.

[Q: when they 'hike duties' on imported goods, who pays for that?]


http://economictimes.indiatimes.com/International__Business/Bush_plans_relentless_push_for_trade_deals/articleshow/2688393.cms

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