Obama, fresh from signing two buy-American laws and quoting from the Book of Revelations, tried to put a rest to the confusion in the West Wing by giving our trade and diplomatic program a clear direction: protectionism and unilateralism:
Mexico Imposes Tariffs on U.S. Amid Trucking Dispute (Update1) – Bloomberg.com
March 17 (Bloomberg) — Mexico set the stage for the first trade war of President Barack Obamaâ€™s administration by slapping import tariffs on $2.4 billion of U.S. goods in retaliation for a ban of its trucks from American roads.
The tariffs, on about 90 items from 40 states, were imposed by Economy Minister Gerardo Ruiz Mateos yesterday after the U.S. suspended a program to allow Mexican 18-wheelers to deliver goods across the border. U.S. Republican lawmakers said Mexico, which didnâ€™t provide details, would impose tariffs on farm goods such as rice, beef, wheat and beans.
Long-time readers of this blog know that fear of the latin boogey-man is an animating force in Democratic Party politics, and so should not be surprised.
While George Bush spent his last days in office trying to sign a trade deal with Colombia, Obama spends his force by rolling back one with Mexico.