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As polls show voters increasingly skeptical of the benefits of international trade, many politicians are campaigning against free trade and outsourcing.
The current U.S. stimulus package marks a new blow to international coordination.
The Chinese governmenthas to realize that it mustplay its part in redressing theunprecedented large global payment imbalances; if not, it willunleash strong protectionist pressures abroad.
If there is one conclusion that should be drawn from the boom in U.S. natural gas production, it is that supplies are so abundant that it makes economic sense to export some of our gas to countries overseas. No one could have imagined that possibility even a few years ago...
The test will come when, after the 1996 American election, the United States once again embarks on multilateral or regional trade liberalization.
Mr. Prestowitz's litany of alleged "unfair" trade practices by China is irrelevant.
The modest appreciation of China's currency should not cause much change and China must do more to prevent an international protectionist backlash.
Although "The Donald" has plenty of baggage, he is leading in polls. The GOP can have its fun. But remember the next election is a very serious thing, and with a Trump candidacy, the joke will be on us.





