Mr Bush's trade supremo, Robert Zoellick, and the commerce secretary, Don Evans, presented the new plan as the logical culmination of the step-by-step reduction of trade tariffs that has taken place since the end of the second world war.

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As he says, a lot of people will freak out this, but its another step along the same line of waste reduction as what we hoped The Times would eliminate (someday) by having copyeditors or writers tag their work once at the point of inception and bake that stuff into the files that flowed downstream from there.

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We did achieve, after an ugly process, a significant step forward in terms of deficit reduction, and that will be implemented.

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