On a recent whirlwind tour of Asian capitals, peripatetic U.S. Deputy Treasury Secretary Larry Summers offered some advice on how to cure the region's economic ills. Despite his stature as an economist, he sounded more like a politician spouting protectionist platitudes. Implicit in his commentary was concern over Asian economies' growing trade surpluses with the United States, especially in steel and semiconductors. Using the specter of revised Super 301 legislation, which would impose sanctions against countries deemed to be engaged in "unfair trading" practices, Summers encouraged reliance on macroeconomic stimulation rather than on an export-led revival.