Monday, April 04, 2005
Critics Say Trade Deficit Argues for U.S. Quitting WTO
Newhouse News Service
WASHINGTON -- The dollar has plunged.
The trade deficit is reaching record highs.
Labor groups complain about losing high-paying jobs to Asia.
The confluence of events has created an opening for those who object to U.S. membership in the World Trade Organization. That membership is subject to the review of Congress every five years and happens to be up for consideration this year.
WTO opponents acknowledge that Congress will almost certainly vote to stay in the organization, which administers trade agreements for its 148 member countries. But they hope to use the platform to spur a broader debate about U.S. trade policies and the efficacy of the WTO.
WASHINGTON -- The dollar has plunged.
The trade deficit is reaching record highs.
Labor groups complain about losing high-paying jobs to Asia.
The confluence of events has created an opening for those who object to U.S. membership in the World Trade Organization. That membership is subject to the review of Congress every five years and happens to be up for consideration this year.
WTO opponents acknowledge that Congress will almost certainly vote to stay in the organization, which administers trade agreements for its 148 member countries. But they hope to use the platform to spur a broader debate about U.S. trade policies and the efficacy of the WTO.
