That glimmer was snuffed out with publication of an oped in the New York Times this past Saturday, in which President Obama betrays profound misunderstanding of trade and its purpose.
Imposing an across-the-board tariff for the direct purpose of stifling trade would lead to a WTO-sanctioned retaliation where other countries start slapping tariffs on our exports.
There were a number of survey teams surrounding the World Trade Center building and their purpose was to determine exactly that -- how stable the surrounding buildings were.
Its purpose is to promote free trade and the fluid movement of goods, peoples, and currency.
Western banks should be encouraged to replace this kind of commercially unsound lending to sovereign borrowers with tightly structured, specific purpose credits in support of trade transactions and projects.
Christy Ferer, whose firefighter husband responding to the World Trade Center attack, said it served no purpose to try to second-guess authorities.
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They do so to enhance the purpose of all production, which is trade.
In the deal, a special purpose acquisition company that is expected to trade on Nasdaq and be known as Harbinger Global Corp.
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The bulk of Western credits to the former Soviet Union took the form of so-called balance of payments or general purpose loans with no underlying projects or trade transactions.
The alleged purpose: to effect a prompt lifting of the trade embargo against Hanoi.
Relatively inexpensive access to large sums of general purpose cash (i.e. no underlying trade transactions or projects making it easier to divert these funds for potentially nefarious purposes).
When I reported on Gwadar in 2010, officials from both the Chinese developer and the PSA described its purpose as an economic one, a base for trade with the Persian Gulf.
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