June 24, 2005 |
As the proposed Chinese purchase of Unocal Corp. fanned protectionist passions in Congress, Federal Reserve Chairman Alan Greenspan warned senators Thursday not to let their frustrations with China's economic policies breed reactions that would do the U.S. economy more harm than good. Proposed tariffs against Chinese goods and other forms of protectionism would significantly lower U.S. living standards and would not save American jobs, Greenspan told members of the Senate Finance Committee.
March 4, 2004 |
Mexico partially lifted its ban on U.S. beef imports, announcing that boneless cuts from animals less than 30 months old and veal from animals less than 9 months old could be imported. The government had imposed a ban Dec. 24, the day after a single case of mad-cow disease was reported in Washington state. Mexico has been the second-largest foreign market for U.S. beef. From Associated Press
January 27, 2004 |
U.S. lawmakers should avoid protectionist policies as labor markets pass through a realignment that is causing a "high degree of pain" for some workers, Federal Reserve Chairman Alan Greenspan said. "Competition from abroad has risen to a point at which developed countries' lowest skilled workers are being priced out of the global labor market," Greenspan said via satellite to the HM Treasury Enterprise Conference in London.
August 23, 2002 |
Squeezed between rising costs and stiff competition from imports, California food growers have been looking for ways to convince consumers and retailers that their crops are worth paying more for. State agriculture officials unveiled one possible solution Thursday, in the form of a "California Grown" advertising campaign to persuade Californians to buy produce from their home state.
March 28, 2002 |
The European Union's head office formally adopted tariffs of up to 26% on steel Wednesday to prevent a feared flood of cheap imports from countries hit by U.S. protective measures. Labeling the U.S. tariffs, which took effect last week, "unfounded, unnecessary and unfair," EU officials said they were forced to respond in kind to safeguard Europe's own shaky steel industry. Warning against "over-dramatization," however, they also appealed for a truce to avert a transatlantic war.
December 15, 2001 |
A U.S. trade agency's recommendation that President Bush levy tariffs of as much as 40% on steel imports would cost steel buyers more than $2 billion a year and lead to three job losses for every one saved, a group representing steel-consuming companies said. The Consuming Industries Trade Action Coalition, representing Caterpillar Inc., Procter & Gamble Co., Deere & Co. and other steel buyers, is joining the fight against tariffs proposed last week by the U.S. International Trade Commission.