Free Trade Support Eroding
10/04/07 01:42 PM Filed in: International
Trade
The
Wall Street Journal published an
article
today stating
that 6 in 10 Republicans believe that free trade
is bad for the U.S. and would agree with a
Republican candidate who favored tougher
restrictions on foreign imports. This view
represents a radical shift in views for
Republicans and may lead to a rocky outlook for
further trade expansion agreements. The article
states that although trade pacts with Peru and
Panama have a strong chance of passing in the
current congressional term, deals with South
Korea and Colombia are in serious jeopardy. Some
legislators believe South Korea isn't opening
its market wide enough to American beef and
autos.