Friday, January 23, 2009

Tariffication War continues

Bush's last act of revenge against the French escalates the protectionism stakes. From the Times:
Last Thursday, Washington tripled an already punitive duty on the pungent cheese to punish Europe for maintaining a 12-year-old ban on US hormone-fed beef... The Americans slapped punitive duties on an array of other EU food imports, including fruit, chocolate and chewing gum, but none was subject to the 300 per cent reserved for Roquefort.
Let's face it. Doha is a dead parrot.