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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: Cogito Ergo Sum who wrote (1538)7/12/2003 4:06:41 AM
From: maceng2  Read Replies (2) of 1643
 
You know how many times they lost the softwood lumber dispute with Canada

I know just a very little of that situation. I can imagine that the economic prowess of the USA pushing Canada around no problem, and many Canadians here are not happy with the dispute.

This is a little different though. Europe and Japan, for example, have countless legions of bureaucrats, non of whom will listen to rhyme nor reason once the paperwork isn't just right.

I fear that politicians, mere mortals, will be unable to control them. Then there are the fearsome USA bureaucrats too. Once riled, these guys can squash the economy of a nation with a single flick of their pens.

From the link..

The European Union has now stepped up plans to price US imports out of European markets.

In a 968 page ruling, a three-member panel of trade experts said that the "safeguard" duties of up to 30% introduced by the Bush Administration were out of line with WTO rules.

and

The EU said it was ready to impose £1.3 billion in retaliatory duties on US imports.

"It's a big legal victory for us all, which we now have to transform into an economic victory," said EU Trade Commissioner Pascal Lamy.

Economic victory?? It's the likes of these guys who put together the Treaty of Versailles in 1919

bbc.co.uk

When bureaucrats start talking about transforming paperwork into "economic victories" I worry..
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