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It certainly is not a new concept. We have been doing it since colonial times. Why did we all of the sudden decide to quit. The only way that we are going to be able to compete with countries like China is to put tariffs on imported products.
I certainly know the arguments agains such as higher prices at Walmart, but it would also mean more jobs. Paying lower prices is little consolation when you don't have a job.
It certainly is not a new concept. We have been doing it since colonial times. Why did we all of the sudden decide to quit. The only way that we are going to be able to compete with countries like China is to put tariffs on imported products.
I certainly know the arguments agains such as higher prices at Walmart, but it would also mean more jobs. Paying lower prices is little consolation when you don't have a job.
I did not know it but Obama raised the tariffs on Chinese tires to 35%. According to this article that under an Agreement with China the U.S. can raise tariffs if certain conditions are met, which do not seem that hard to meet.
It certainly is not a new concept. We have been doing it since colonial times. Why did we all of the sudden decide to quit. The only way that we are going to be able to compete with countries like China is to put tariffs on imported products.
I certainly know the arguments agains such as higher prices at Walmart, but it would also mean more jobs. Paying lower prices is little consolation when you don't have a job.
Little bit of a problem with GATT. Not to mention bilateral agreements such as NAFTA.
Unless you are like George Bush and enjoy tearing up treaties and acting like a global cowboy wacked out on meth.
The overall level tariffs under the Tariff were the second-highest in U.S. history, exceeded by a small margin only by the Tariff of 1828[3] and the ensuing retaliatory tariffs by U.S. trading partners reduced American exports and imports by more than half.
Most economists at the time and since agree that it had a negative effect on the economy. After the 1929 stock market crash, unemployment never reached double digits in any of the 12 months following that event, peaking at 9 percent, then drifted downwards until it reached 6.3 percent in June 1930. Then the federal government made its first major intervention in the economy with the Smoot-Hawley tariff. After that intervention the downward movement of unemployment rates reversed and shot up far beyond the level it had reached in the wake of the stock market crash hitting 11.6 percent in November 1930.[4]
Guess what? Our exports are practically non-existent today. Retaliatory tariffs aren't even remotely a concern, because at this point we don't make enough to keep ourselves in goods, much less have enough to export.
When it comes to the economy, there is no black and white. Sure, during the industrial age when we actually had trade partners, this wouldn't make sense.
Now? What are they going to do? Send our jobs back due to lower import demand? Boo-friggen-hoo.
Smoot and Hawley were about 80 years too early with this, but make no mistake, we do need this right now. Maybe not forever, but at least until we have something to trade again, besides management services.
Little bit of a problem with GATT. Not to mention bilateral agreements such as NAFTA.
Unless you are like George Bush and enjoy tearing up treaties and acting like a global cowboy wacked out on meth.
Well I posted in post number 5 how we could do this with China without breaking any agreements, actually we would be well within our rights. I am just amazed that someone had the forethought to put it in the agreement.
Little bit of a problem with GATT. Not to mention bilateral agreements such as NAFTA.
Unless you are like George Bush and enjoy tearing up treaties and acting like a global cowboy wacked out on meth.
Nafta, cafta, and all we get is the shafta.
Those "treaties" need to be filed in the shredder. Cross-cut, so it can't come back. Because the only countries that have benefited from anything "global" don't start with a U and end with an A.
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What are they going to do? Send our jobs back due to lower import demand? Boo-friggen-hoo.
