Tuesday, July 22

A NYT editorial favoring free trade. The story shows Americans using a trade-war trick perfected by the Europeans and so-called "antidumping" rules against Vietnamese catfish and
how wealthy countries that preach the gospel of free trade when it comes to finding markets for their manufactured goods can become wildly protectionist when their farmers face competition. The fate of Vietnam's catfish offers a warning to poorer nations short on leverage in the world trading system: beware of what may happen if you actually succeed at playing by the big boys' rules.

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