I love reducing taxes, so that means I love trade agreements that convince people in Washington to cut taxes on Americans who buy imports.
But upon hearing that the Doha round of WTO negotiations is dead, I’m not bothered. The less the US has to deal with international organizations the better, I say.
After all, while the Doha round has been going on, President Bush has concluded tariff-reducing treaties with at least Singapore, Australia, Morocco, Jordan, and Chile. That’s five separate tax cuts that have gone virtually unheralded.
And the less we fight with Lula over how to treat agriculture in the WTO, the more progress we can make with other countries, and the more import tax cuts we can get through the Senate.