the World Trade Organization ruled that an 84-year-old American law duly passed by Congress, designed to stop illegal dumping was, in fact, no longer legal. The WTO sided with Japanese steel imports saying that the American law is a violation of international trade. Unbelievable. Illegal steel-dumping is killing America, and these sons of bachelors, believe me, side with Japan dumping. Beam me up, Mr. Speaker. I thought America won the war. I yield back a $320 billion trade deficit, most of it going to Japan, and the Chinese Red Army.
James Traficant: “the World Trade Organization ruled that an 84-year-old American law duly passed by Congress, designed to stop illegal…”
Editor's note · Context
Discussing the impact of the WTO ruling on American steel laws and trade deficits.
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