The Washington Times
The worst news for organized labor this Labor Day week is that the postwar agenda of trade liberalization now seems to be getting back on track. Congress solidly approved new bilateral agreements this summer with Singapore and Chile. Later this month, the World Trade Organization [WTO] convenes a meeting of trade ministers in Mexico, at which point it should become clearer whether momentum is gathering for a broad multilateral reduction in tariffs worldwide. Meanwhile, the Bush administration has to consider whether or not to undo its worst economic decision to date – the 2002 imposition of steep tariffs on imported steel, which the WTO ruled out of bounds this summer.