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If E.U. officials think the capital standards are truly unfair, they should raise their objections during negotiations, instead of hinting at protectionism.
Many Republicans say those provisions have nothing to do with trade, and Mr. Bush has called them veiled efforts at protectionism.
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"The report laid bare a Cold War mentality as well as protectionism among politicians at Capitol Hill to contain Chinese investments, which could offer new business and job opportunities for the sluggish U.S. economy.
The textiles, clothing and footwear, and automobile industries, which enjoyed ample protection, invested heavily in political activity aimed at maintaining protectionism.
Even trade proponents acknowledge that failure to get talks off the ground this time could mean a long period of stagnation at best and backsliding into protectionism at worst.
At any rate, protectionism can keep Kroes and Co. at bay for only so long.
But the summit did succeed in getting things done, including a $1 trillion injection of funds that at least helped stabilise the global economy's rate of descent, and kept protectionism at bay.
But I think at this point protectionism is off the table.(Photo credit: AFP).
These barriers make this country's recent efforts at "buy American" protectionism look minor league.
In Downing Street and Davos, where Gordon Brown had been speaking against protectionism at the World Economic Forum, the government came under pressure to respond to the crisis.
America's trading partners expected more of President Obama, who signed a declaration against protectionism at the summit of the biggest nations in April.
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