Originally published on Tue January 29, 2013 5:32 am
Any day now, you might be able to download Argo, Lincoln and Les Mis for a dime a piece. Microsoft Office could go for a quarter. A song might cost a penny. And it could all be perfectly legal under international law.
As part of a long-running trade dispute, the tiny island nation of Antigua and Barbuda (population: 90,000) won the right to use the intellectual property of U.S. firms — without having to pay any royalties or licensing fees.
At a meeting in Geneva today, the country got the final go ahead from the World Trade Organization.
Most of the news we hear about Mexico these days is about drug-related violence. But it turns out there's another, brighter story there: The country's economy has been growing at a solid pace for the past couple years, driven in large part by solid exports.
Among other things, Mexico is the world's largest exporter of flat-screen TVs. There are a lot of factories just south of the U.S. border, filled with workers putting together televisions. The individual parts come from Asia, but the final assembly is done in Mexico.
What do self-rising pizza, photographic paper and chain-saw chains have in common? They're all products the U.S has been accused of dumping onto foreign markets.
In other words, some foreign country said U.S. companies were exporting these products at prices lower than they sold for at home — a practice that's covered under international trade rules that the U.S. more than 100 other countries have agreed to.
You probably don't give much thought to the phrase "Made in China" when you see it written on the bottom of your coffee mug, or on the tag of your T-shirt, but Americans have traded with China for hundreds of years.
In his new book, When America First Met China, Eric Jay Dolin takes us back to the beginning of the long and complicated trade relationship between the two countries.