New Fair Trade Legislation

Late yesterday U.S. Senator Lindsey Graham (R-SC) introduced legislation (S.1043) that would require the United States Trade Representative (USTR) to negotiate fair border tax treatment for U.S. goods and services within the WTO by January 1, 2010. U.S. manufacturers and service providers face severe disadvantages in the global market as a result of foreign border-adjusted taxes such as value-added (VAT) taxes. In 2007, these foreign border-tax schemes acted as a combined $474 billion trade barrier to U.S. exports and export subsidy for our foreign competitors.

Category:

News & Politics

Tags:

• U.S. Senator
• Lindsey Graham
• US economy
• lost jobs
• fair trade
• free trade
• WTO
• economy in crisis

[canadiahung]

junk vid.

[MacroTraficante]

not taking advantage of others.... i disagree with you on this point how about the dolarization of El Salvador everyone knows that was a decision in the united states that was followed by the up to recent puppet government there.