America is in the midst of a recession because of her generosity. Goods come in from the world tariff free, and that is great, but American goods have tariffs. Again America has a floating currency, but countries like China refuse to allow their currencies to float. The Yuan should have risen at least 60% against the dollar in this last year in all fairness. Obama is right to be against this unfair trade, free trade means we all reduce tariffs and we all have floating currencies, the stakes have been to high against the American economy. Fair is fair, free trade is fair if all follow the same rules of free trade, free trade is fair trade exchange what you work for. In truth Reagan, Bush snr, Clinton, Bush jnr were all right to expand free trade, but should have demanded that their partners also have free trade.

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The Eagle is Mighty, Crows are Many.

I wouldn't necessarily call it generosity. Being completely tariff free is simply just a smart thing for all countries to do. It increases efficiency between countries to determine who creates what. Both countries suffer if there's a tariff on either side, no side benefits.

Being tariff free is good but most countries are not, and this does not include Canada's trade with America, but there would have been no Asian tigers without America opening up its economy, just as there would be no Chinese rapid industrial growth. But nobody will be grateful because of politics. If America shuts its borders, it might well survive, I doubt Japan, Indonesia, China would survive at this moment in time, even Italy, or Netherlands, too much has been expected of the US consumer who is now heavily indebted, why was not the same expected of consumers in Japan for example, no it was American generosity, if America say you can sell to me with no barriers but you can put barriers on what I sell, I would call that generosity, or was it just an evil conspiracy to prove Asians have higher IQ's, they been weened of America, I would take generosity.

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The Eagle is Mighty, Crows are Many.

I still don't agree. A barrier on either side creates a barrier on both sides. It's the same as a wall, it works both ways.

If China has a tariff on its imports, that makes it less likely for China to buy from the US. That means the US will have less money to spend in China. It Reduces trade both ways.

If you got a problem with the current imbalance in trade between the countries, you might want to look at one of the root problems (US govs debt).

In case you did not know, the Yuan is pegged to the dollar, therefore free market mechanisms can not work the dollar falls so does the Yuan therefore there is no free market it is heavily on the side of China, if you listen and follow Doha trade talks, people expect America to reduce tariffs whilst they keep their tariffs, you are looking at theory am looking at what is happening, surely you can tell the difference, that is why the Doha trade talks are failing, do you know the Yuan is pegged to the dollar, do you know why Doha is collapsing, America opened up its borders whilst other countries to the large extent did not, especially Asian countries. I am not talking of the EU and Canada.

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The Eagle is Mighty, Crows are Many.

I don't think the yuan has been pegged since 2005.

yeah, some time in the summer

http://finance.yahoo.com/currency/co...CNY&amt=1&t=5y

Of course this is a problem when you dont have equal international fair trade policies someones going to get hurt in the end...

You truly are a Canadian economist, if you call allowing a currency to float 2% is floating you could only be a Canadian economist, http://money.cnn.com/2005/07/21/news...yuan/index.htm, lack of competition in that society means you need a connection that is all no matter how mediocre one is. That is floating, what the hell do you understand about economists. I hear doctors drive taxis in canada so that they do not compete with chosen ones because Canadians are too mediocre to compete hence envious of anybodies knowledge, especially Americans ho do not fear competition.

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The Eagle is Mighty, Crows are Many.

So your economic view shows that 8.3 down to 7 is 2%?

lol, rabble rabble rabble