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… at least be a good one.

But let’s assume the Obama administration is mentally stuck in 1930s Italy and thinking only of exports. It still can’t justify its position on Colombia, the third largest market for agricultural imports in Latin America. American farmers now pay an average 16.5% tariff on exports to Colombia. As a result, according to Colombia’s ministry of trade, “countries like Argentina [which is part of an FTA] are rapidly displacing U.S. producers. In 2008 American farmers had 46% of the Colombian market; today that share has diminished to 22%.”

Mary O’Grady is always worth reading.

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