President Barack Obama’s recent Asia trip was – like much of his presidency – very often disastrous.
Some things are more disastrous than others.
China, whose emissions are rising as it builds new coal plants to fuel its economic growth, set a target for its emissions to peak in 2030 or earlier….
The U.S. set a goal to make its 2025 emissions between 26 and 28 percent lower than they were in 2005.
Get that? China gets to grow unfettered for another fifteen years. (And that’s if we can trust them at the end of it all to do what they say they will – a dubious bet at best.)
We would have to in ten years undo all of the growth of the last ten – and then lop off an additional quarter.
Not exactly an equitable arrangement – cut to address fictitious “problems.”
Ask the world’s flora – that inhales carbon dioxide – if they think it’s poison. Rather than hug a tree, extrude some CO2 – the arboreal appreciation will be far greater.
President Obama did secure a deal that is actually good for Americans – and the planet.
The U.S. and China reached an agreement to drop tariffs on a wide range of technology products, in a deal that its backers say could cover $1 trillion in trade and that marks a significant accomplishment amid strained ties between Beijing and Washington.
The two countries late Monday reached a deal to expand the Information Technology Agreement, a global technology trade pact, to cover semiconductors, medical devices, Global Positioning System devices and other newer products, U.S. Trade Representative Michael Froman said Tuesday in Beijing.
The deal–reached late Monday after marathon negotiations and more than a year of stalled talks–could be ratified in December by members of the World Trade Organization (WTO) in Geneva, Switzerland.
Less taxes on trade? Excellent. Less tension between two tense-together nations? Excellent.
You want the benefits of free trade?…
Food is cheaper, clothes are cheaper, steel is cheaper, cars are cheaper, phone service is cheaper…. It lowers prices, it raises income….
Free trade stops wars. And that’s it. Free trade stops wars. And we figure out a way to fix the rest.
Figuring out the fix for the rest isn’t that difficult. Much of it involves the aforementioned WTO – a global entity with an actual useful purpose (as opposed to, say, the United Nations).
The WTO should approve this agreement – and take notes. Because we need a whole lot more of these deals – with as many nations and in as many economic sectors as possible.
The WTO should be not just ratifying them – but fostering their development. For instance:
The world’s sugar-producing nations need to sit down together, each with a copy of everyone else’s lists of protectionist policies. And start horse trading.
“Brazil – how about if you get rid of this subsidy, we’ll each get rid of one.”
“Mexico – if you get rid of this tariff, we’ll each get rid of one.”
Let the subsequent discussions ensue. Lather, rinse, repeat.
And then we do it for clothes. And steel. And cars. And….
We get the idea. Here’s hoping the WTO and the world’s nations do.