Hangtime: damn, miko, where the hell are yah when we need yah?? Yes, sir!

Laissez Faire Capitalism meant that government does not regulate anything. The "minimal government regulations" MT mentions are protection of property from theft and enforcement of contracts. No other regulations - no trade controls, no labor laws, no safety laws - nothing. Well, meybe except for anti-trust laws but the jury is not decided on that. All transactions are voluntary. Free market and competition for resources and labor take care of everything.
The french are one of the most socialised countries ever - economically, socially and ideologically. And they are proud of that. Laissez Faire is a swear word for them.
We see some of these products and such as a threat to our interests. As F. Bastiat convincingly shown almost two centuries ago, free trade cannot possibly be harmfull to a state even if the other state does not conduct free-trade policy - like bans imports or subcidises exports.
Here is the gist. If it is to a nation's advantage to get cheaper and more plentifull product due to technological innovation or better production organisation, why is it different if the same product can be bought cheaper from abroad?
All those cases cost jobs and business to particular people but the cheaper product creates jobs and business to more people. The nation utilises the resources better.
If Canadians are subcidising our wood lumber consumption with their tax dollars, if they really were so stupid - how would it be harmfull for us? Some of our lumber producers would go out of business but cheap lumber would increase consumption - paper production, construction, etc. creating more jobs of higher technological level.
The only exceptions are related to security of the state - military and political. Japan cannot import all the food from overseas - if something happenes and they do not have farming at all, they go extinct, so they keep alive rice growing even if it would be cheaper to buy ours.
In this case the subcidies should openly come from defence/security budget.
miko