In recent days the Bush administration slapped tariffs on paper imported from China and annouced a free-trade pact with South Korea. The moves could harm the long-term goal of more trade that's critical for Cascadia's economy.
The tariffs on Chinese products are an attempt to placate critics in Congress rather than address the economic trends that make U.S. products less competitive. In fact the U.S. has increasingly little leverage on China because that country is financing our runaway spending.
Today's announcement of a free-trade deal with South Korea also is less favorable than it seems. It appears to be another bilateral deal that ultimately protects some parts of U.S. industry at the expense of a backlash both overseas and among displaced U.S. workers. Cascadia's long-term interests would be better served by pushing for comprehensive trade agreements that level the playing field between multiple countries.
There's no question that trade can be improved by increments. Unfortunately these developments -- on top of earlier tariffs on Canadian lumber and foreign steel, and a series of unfair bilateral trade deals -- round out a dubious record on promoting trade.