The Detroit Free Press reports on new terms of trade set by America which require that Panama and Peru "...maintain and enforce five basic international labor standards: freedom of association for workers, the right to collective bargaining, and eliminating forced labor, child labor and discrimination in employment." They must also "adhere to environmental protection standards in their manufacturing."
Next in line for this treatment is Korea - but will such terms apply to China? Don't expect too much, Motown: remember Vice Premier Wu Yi's warning two days ago - "Attempts to politicize trade issues should be resisted." Wait till China's car industry really gets going.
Meanwhile, let's see what transpires in next week's resumption of the Strategic Economic Dialogue talks between the US and China, for which Wu Yi's Wall Street Journal essay on May 18 is an advance keynote-setter. Since she'll also be representing the Chinese side there, I don't expect much to be decided in America's favour.
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