CAFTA has plenty of domestic enemies but the biggest hurdle in its passage could actually be China, according to a US Representative whose comments were not for attribution.
Specifically in order to cobble together enough votes (the Bush administration is having trouble) for passage in the House, the final bill may have to include some anti-China measures. The de-pegging last week and the two percent revaluation is not seen to be sufficient to placate representatives from US manufacturing states.
CAFTA, which ought to be passed, looks like its entering into rough waters and I don't make the chances to be much better than 50-50 at this stage given the array of forces lined up against it.
No comments:
Post a Comment