Quotas placed on Chinese textile imports on November 18 prompted the media to question President Bush's commitment to free trade. Most stories expressed fears that a trade war would hurt the global economy, while doing little to stem US job losses to Southeast Asia and Latin America. While textile companies celebrated the decision as a win for US workers, retailers predicted higher prices for American consumers.
Most frequent messages
1. Quotas may result in retaliatory measures from China, WTO
2. US protectionism will ...