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Your daily English-language news source
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PHOENIX, Ariz. —U.S. Trade Representative Robert Zoellick says U.S. trading partners take for granted their advantage from low U.S. tariffs and the strong exchange value of the dollar when they complain about vigorous enforcement of U.S. trade laws. In a speech here Tuesday, Zoellick defended U.S. action against unfair foreign trade barriers as well as temporary protection for U.S. industries reeling from surging imports. While the European Union (EU) and Japan have threatened retaliation against new U.S. temporary tariffs on steel, Zoellick defended those tariffs, arguing that foreign governments have failed to address the underlying problem of global steel overcapacity that they have created over 50 years through policies promoting subsidies, cartels and other protections from competition. "As long as the United States accepted being the market of first and last resort, there was no need for others to change," he said. "Once the United States announced its safeguards, it was notable that others immediately considered action to avoid what they asked America to put up with for years." Other countries ignore their own unfair trade practices and the need to reform their economies while attacking U.S. practices — practices that are consistent with World Trade Organization rules, he said. "They take a strong U.S. dollar for granted while |
developing countries continually
devalue their currencies, Japan drifts toward a weak yen instead of structural
reforms, and the Euro slides some 23 percent since its introduction," Zoellick
said.
"They take for granted that the United States imported over $1 trillion of their products last year," he said. "They take for granted that U.S. growth will again pull the world economy out of its slump." U.S. industries have lost hundreds of thousands of jobs as the United States moves to keep its commitments to lift all textile and apparel quotas, he said. "Many countries want us to move more quickly although they are unwilling to lower their apparel tariffs even to U.S. levels — to say nothing of their high barriers to other U.S. exporters," Zoellick said. He also said the Bush administration was pursuing bilateral free-trade agreements as a way to develop momentum for broader trade liberalization, mentioning ongoing negotiations with Chile and Singapore as well as proposed agreements with Central America and Morocco. The United States, he said, can help Russia participate in the global economy if it will agree to the rules of the World Trade Organization. Zoellick also pressed again for quick Senate passage of trade promotion authority, otherwise known as fast track, in order to achieve the administration's trade goals. |
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| Che’s place for sale
in Argentine town By the A.M. Costa Rica wire services The apartment in which Latin American revolutionary figure Ernesto "Che" Guevara was born in 1928 is up for sale in Rosario, Argentina. The woman who has owned the unit for the past 25 years, Alicia Repetto, says Argentina's crippling economic crisis has made the property too expensive to maintain. Ms. Repetto also said she does not think the local government can afford to buy the property and maintain it as an historic site. She does, however, say many important people, who are admirers of Guevara, have visited the five-room apartment. Guevara was considered a hero by many disenfranchised Latin Americans. He became a key leader of the Cuban revolution that brought Fidel Castro to power in 1959. He was assassinated by military forces in Bolivia in 1967 after trying to spark a similar revolution there. Lisa Lopes rites draw hundreds By the A.M. Costa Rica wire services Hundreds of mourners gathered outside a church in suburban Atlanta, Ga., for the funeral of pop singer Lisa Lopes. She was killed a week ago in a car accident in Honduras. Admirers began lining up early Thursday to pay their respects to the singer, who died just before her 31st birthday. Investigators say Ms. Lopes was driving a sport-utility-vehicle carrying
seven other passengers when the car veered off the road 250 kilometers
north of the Honduran city of Tegucigalpa. As a member of the Grammy-winning
musical trio TLC, Ms. Lopes has had numerous hits, including "Waterfall"
and "No Scrubs."
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Opposition party nears
win in the Bahamas By the A.M. Costa Rica wire services Supporters of the Bahamas' opposition party are celebrating early election results that indicate their candidate will become the new prime minister. Jubilant supporters of the Progressive Liberal Party, blocked streets and honked car horns nationwide Thursday in anticipation of victory. Party candidate Perry Christie was expected to make a statement. Christie and his main rival, tourism minister Tommy Turnquest, campaigned for the job being vacated by outgoing Prime Minister Hubert Ingraham. Like the prime minister, Turnquest belongs to the ruling party, the Free National Movement. The prime minister has been in power for 10 years and is honoring a pledge to step down after two terms in office. His successor will become head of one of the Caribbean's wealthiest countries, with an economy based on offshore banking and tourism. The two main candidates campaigned on promises to renew the economy, improve education and implement more youth-oriented programs. The new prime minister, however, also will face international demands
for more strict regulation of the offshore banking industry, amid global
efforts to fight money laundering.
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