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1、PlayingwithfireBysuccumbingtodomesticpressures,AmericahasstartedanalarmingtraderowwithChinaINRAWeconomictermsBarackObama'simpositionoftariffsonChinesetyreshardlyregisters.ThenumberofjobsaffectedisbarelyaroundingerrorinmeasurementsofthemightyAmericanworkforc
2、e.Thecosttoconsumersisalsoslight.Butingeopoliticalterms,itisawhopper.Mr.Obama'smostovertlyprotectionistdecisionsofarhastriggeredapredictablyangryreactionfromChina,whichthreatenedtoretaliateagainstAmericanchickensandcarpartsandtohaulAmericabeforetheWorldTrad
3、eOrganization.TheGlobalTimes,anewspaperthatoftenreflectstheviewsofhardlinenationalistsinChina,ranafront-pageheadlinesaying"Americahaserredbeforetheworld”.Thetit-for-tatdisputecastsapallovertheG20meetinginPittsburghonSeptember24thand25thwhereMr.Obamawillplay
4、hosttoHu』ntao,China'spresident・Warningsofatradewarhavemultiplied.TherehaveevenbeencomparisonstoAmerica'sinfamousSmoot-HawleyTariffAct,whichdeepenedtheDepression.Someofthisishyperbole.Smoot-Hawleysharplyraisedtariffsonthousandsofproducts,notjustone.Then,ther
5、ewasnoregulatingframeworkforglobaltrade;nowbothAmericaandChinaareactingwithintheWTO,whichwascreatedpreciselytokeepsuchspatswithinrules・EverypresidentsinceJimmyCarterhassoughtimportrestrictionsatonetimeoranother,andMr.Obama'saremildbycomparison.“Onthebroadca
6、nvasofpresidentialtradepolicy,Obamasdecisionisunexceptional,nsaysDougIrwin,atradehistorianatDartmouthCollege・AndChina'sretaliationsofarhasbeenmeasured.Butthedecisiondoescomeatariskytime・Protectionistactions,inparticularagainstChina,havebeenmultiplyinginrece
7、ntyears(seechart),evenwithintheconfinesofWTOrules.LastNovemberGeorgeBushandinAprilMr.Obama,onbothoccasionsjoinedbyotherleadersoftheG20,pledgedtourefrainfromraisingnewbarrierstoinvestmentortotradeingoodsandservices'：yetnewbarriershavesteadilyincreased・Cre^ep
8、ingprote-crtionismIirnport-restridingiinitintedtry二developed)developingcocjintries.countries2007OB09Sourcje：WoitdBartsoredGlobalAnrtSdumpiogUntilnowMr.Obamahastriedtoallayfearsthatheisabitofaprotection
