American Economic Alert.org - Masthead Fighting For American Companies - Fighting for American Jobs United States Business and Industry Council
Current Trade Deficit:   AmericanEconomicAlert.org - Presented by The Robert A. Stranahan Lectures
Deference to WTO hurts U.S.
Tuesday, September 22, 2009
Neither President Obama nor congressional leaders want to hear this, especially just before the Pittsburgh global economic summit, but U.S. economic recovery and renewed global economic health are facing a big new obstacle: the World Trade Organization.

The organization was sold to Americans as an impartial global trade court. But quite naturally, it has usually advanced the top priority of the 150-odd other members - growing by exporting to the U.S. For years, the WTO helped fuel the global imbalances ultimately responsible for the economic crisis. Today, it's blocking the only hope for genuine global recovery - enough sound U.S. growth to slash America's debts and rebalance a still-lopsided world economy.

Click here to read the article...


Sign up below to have AEA news headlines, articles, and reports delivered directly to your mailbox. 100% free and private.
PDF Download View our plan to save American Manufacturing
PDF Download Multimedia educational shorts on key trade issues