The guests talked about the U.S. policy of free trade, focusing on the effects of this policy on the manufacturing industry. Among the… read more
The guests talked about the U.S. policy of free trade, focusing on the effects of this policy on the manufacturing industry. Among the issues discussed were whether or not the manufacturing sector benefits from free trade, the recent loss of millions of manufacturing jobs, and President Bush’s plan to appoint a new Assistant Commerce Secretary for Manufacturing. Mr. Scott argued that the decline was due to largely to faulty government policies and trade agreements. Mr. Duesterberg said that the manufacturing sector benefited overall from free trade, and that U.S. industries faced tough competition from abroad. Both guests agreed that manufacturers were hurt by the high value of the dollar, which made U.S. goods more expensive in other countries and foreign imports cheaper in the United States. The guests responded to audience telephone calls, faxes, and electronic mail.
The World Trade Organization meeting on trade issues started September 11 in Cancun. Among the topics for discussion were proposals to increase trade worldwide.
Mr. Ximenes talked briefly via telephone about recent C-SPAN Bus activities, and footage of the bus was shown. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Duesterberg, Thomas President Manufacturers Alliance
- Scott, Robert Economist Economic Policy Institute
- Scully, Steven Adjunct Professor University of Denver
- Ximenes, John Representative C-SPAN->Community Relations
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