Copying from Brazil, the next target of Argentina's new protectionism will probably be land.

ECONOMIST: Protectionism in Argentina

The result may be a new era of protectionism that could be extraordinarily costly and painful.

FORBES: Magazine Article

Even if a new round of protectionism can be avoided, ambitions to liberalise trade further are disappointingly limited.

ECONOMIST: International trade

There will also be a lot of pious palaver about the need for more cooperation, better international regulation and new initiatives to fight protectionism and promote free trade.

FORBES: Weak Dollar = Weak Recovery

America's newfound protectionism is also worrying the Europeans and could easily presage a new trade war.

BBC: Bush's tough task in Europe

Sure, there's plenty that needs to change: Protectionism remains rife and the EU went down a blind alley with its social agenda, which piled new costs on business just when it needed greater flexibility.

WSJ: What Cameron Needs to Say on Europe