... pressure. The question is very much which way he will elect to go, since there is far more than enough countervailing force against crude protectionism to give wide leeway to a President who wishes to satisfy anti-globalist sentiments.

For example, a fight to reform WTO environmental exception treatment to allow a simple ban on tuna fished with the worst dolphin killing nets would attract so much support from various members of the anti-globalist coalition, and take the wind from the sails of a crude protectionist drive. And there is always the recourse to a "hard" negotiation with China to raise their exchange rate against the dollar ... where if it were not to the extent that it involves an increase of the value of the Renminbi against the Euro or the Yen, could well be gained as a victory trophy.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.