Protectionism

The US industry loves to dictate terms to the rest of the world, through its ‘legal’ department, also known as the US Congress. Now that overseas manufacturing (a beast of the US industry’s own making) has beaten them at their own game, they want to change the rules. A recent example: US has  slapped higher tariffs on Chinese manufacturers of solar cells (250%).  Another example: US agriculture is one of the most subsidized in the world (the recipients of these subsidies being large companies that operate farms, yet they want ‘developing’ countries to stop protecting their food industry.