"Flirting with protectionism is dangerous. Announcing the tariff shortly before economic summit of G-20 in Pittsburgh makes the predictable pious anti-protectionist pronouncement even less believable. " Comment:Wall Street Journal Editorial published the same rationale several days ago.
"Economist Nicholas Lardy of the Peterson Insitute figures the present price advantage at 15 to 20%. It might be more." Comment: Here we can easily detect that economics is an inexact science. Who knows for sure? It is a matter of educated guesstimates by professional economists.
"China has huge foreign exchange reserves, now $2.1 trillion." Comment: US can sell American products to China to validate the Law of Comparative Advantage in economics of trade.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economics on Monday,Sept.21,2009 at 6.20 a.m.
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