Editorial
Editorial Offices
Trevor Galbraith
Europe Editor-in-Chief
Global SMT & Packaging
Trafalgar Publications Ltd
8 Talbot Hill Road
Bournemouth
Dorset BH9 2JT
United Kingdom
Tel: +44 (1202) 388997
E-mail: news@globalsmt.net
Website: www.globalsmt.net
United States
Global SMT & Packaging Protectionism is
PO Box 7579
Naples, FL 34112
USA
Tel: (239) 567-9736
E-mail: news@globalsmt.net
not the answer
China
Global SMT & Packaging
Electronics Second
Relations between the US and China have President Bush stated that lists of products
Research Institute
been getting increasingly fragile of late. that currently carried import tariffs should
No.159, Hepin South Road The new Obama administration looks like be open to review every six months, rather
Taiyuan City, PO Box 115, Shanxi,
it is returning to producing the monthly than renew naturally on the ‘carousel’
Province 030024, China
Tel: +86 (351) 652 3813
list of countries that, in their opinion, clause that had previously served. This
Fax: +86 (351) 652 0409 are manipulating currency. The previous leaves a number of products potentially
Bush administration ignored this form of open to last-minute changes in duty, creat-
Editor-in-Chief
Trevor Galbraith
administrative policing but nevertheless ing uncertainty in overseas trading.
Tel: +44 (0)20 8123 6704 (Europe) kept a constant pressure to persuade the In 1929, Willis Hawley and Reed
Tel: +1 239 567 9736 (US)
Chinese to allow the Yuan to float freely. Smoot sponsored a bill to raise the duty
E-mail: editor@globalsmt.net
This is important as an undervalued cur- on American imports to their highest ever,
Managing Editor
rency provides unrealistic support for those sparking a trade war that was universally
Heather Lackey
countries’ exports, making them more com- recognized as being one of the enduring
Tel: +1 (828) 231 9434
E-mail: hglackey@globalsmt.net
petitive than goods from countries where reasons for the length and depth of the
the currency floats freely. Great Depression.
China Regional Editor
Developments took a worrying turn Every country today needs to create
Lu Shuzhen
Tel: +86 (351) 652 3813
recently when the US government released much-needed jobs to get their citizens
E-mail: lsz6401@163.com
the terms under which automakers would spending again and return their economies
benefit from a government bailout. The to normalcy. However, it is critical that
China Regional Editor -
Website & Newsletters
terms underlined a ‘Buy American’ policy, they create new jobs, such as renewable
Christine Zhang
which clearly gives a shot in the arm to energies, building infrastructure, etc., and
Tel:+86 13311021565 American steel companies at the expense avoid a catastrophic trade war that would
E-mail: czhang@globalsmt.net
of their counterparts in China. Creating only plunge us back into the dark days of
Hungary Regional Editor
much needed jobs is a laudable endeavor, the Great Depression.
Miklós Lambert but doing it at the expense of someone in Personally, I do believe we will emerge
Tel: +36 (30) 3 113 123
another part of the world is dangerous and from this downturn later this year leaner
E-mail: lambert.jr@elektro-net.hu
smacks of protectionism. and more competitive than before, but un-
India Regional Editor But it is not only China that is under less we keep our bureaucrats under control,
Debasish Choudhury
threat from a looming trade war. The we may not have marketplace to return to.
Tel: +91 120 6453260
E-mail: dchoudhury@globalsmt.net
European Union and the United States
have been engaged in a number of small Trevor Galbraith.
Japan Regional Editor
spats in recent months. Trade between the
Yoshinobu Anbe
Tel: +81 (0) 45-937-6023
United States and Europe is the biggest in
E-mail: anbe@anbesmt.co.jp
the world. It accounts for 60% of all world
Korea Regional Editor
trade and 40% of global GDP. The latest
Amy Kim
Tel: +82 (505) 374 2526
exchange by the outgoing administration of
E-mail: akim@globalsmt.net
UK/Ireland Regional Editor
Jade Po Kellard
Tel: +44 (0) 1202 388997
E-mail: jkellard@globalsmt.net
Circulation and Subscriptions
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Advertising information is on page 48.
2 – Global SMT & Packaging – February 2009 www.globalsmt.net
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