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PK on FT



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The immediate threat is that other nations will strike back; the European
Union has threatened retaliatory tariffs, and earlier this week Japan,
Brazil, South Korea and China said they would follow suit. (Mr. Bush really
has unified the world, at least on this issue.) But as a wise trade expert
once told me, the big danger when the U.S. flouts the rules isn't
retaliation, it's emulation: if we don't honor trade agreements, who will?

^^^^^^^

CB: Substitute "big hope" for "big danger".




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