Another great stroke by our “free trade” administration:
The Bush administration has decided to set new quotas on imports of Chinese clothing to stop a surge of shipments, U.S. Commerce Undersecretary Grant Aldonas announced on Tuesday.
Aldonas said that under trade rules with China, the United States can cap China’s exports of brassieres, knit fabrics and dressing gowns at 7.5 percent above shipments over the past year or so. During that time, China’s exports of the textile products have surged.
This is a rather interesting method of promoting free trade agreements, isn’t it?