Fo rexample,EU ministers decided this week to slap anti-dumping duties on leather shoes from Vietnam and China, which threaten shoemakers in Italy, Portugal and Spain.

While the Prada brand is 98 percent made in Italy, about half of Miu Miu handbags are made in Turkey and Romania, and 70 percent of the sporty Linea Rossa shoes are produced in Vietnam.

What he apparently does not understand is that Iraq is the other shoe dropping from Vietnam.