To tariff or not to tariff? That is the question.
Jun 3, 2018 21:49:36 #
Geo wrote:
SAY GOODBYE TO A NAFTA DEAL? ... WAPO'S DAMIAN PAL... (show quote)
The tariffs imposed by our trading partners have always been a problem and the fault does not lie with us. Countries like China, Germany, Korea, and Japan have been dumping their goods on the US market for years much of it as a legacy of our trying to rebuild the economies of Germany, Japan, and Korea after WW II and the Korean War. The Chines saw these countries get away with it and decided to do the same thing. I know, because I have studied the problem in depth. Our previous politicians were so weak-kneed that they simply kicked the can down the road even though our industries were being decimated (motorcycles, computers, TV, VCRs, etc). Do you know where wealthy Chinese people go to by luxury Chinese good (as told to me by several of them)? Not to Beijing, Shanghai, Wuhan, or anywhere else in China, but they travel to Los Angeles because the prices are so much cheaper. In the 1980s I traveled a lot to Japan on business and I would price Japanese goods in the US with the same goods in Japan. The goods were always much cheaper in the US; a classic symptom of dumping. The WTO rules allows the injured party (us) to impose tariffs but our politicians rarely did. I would write to my Congressperson and Senators to bring their attention to the problem but not once did I receive a reply, as I recall. The strategy was clear; these countries destroyed selected industries by pricing their goods at below what the same goods could be produced in the US and the companies made their profits by socking it to the Japanese or Korean consumer. Once our industries were destroyed, guess what? They increased the prices. President Trump is doing exact the right thing as these countries (and others) have grown fat and happy on our wealth and technical ingenuity. No wonder they are lobbying and complaining; they can see that this "good thing" that they have enjoyed for decades is about to end with the forced introduction of "fair trade". I fully support the President in this endeavor but I would base it more on reciprocity, which I think would be easier to sell. Thus, all US goods sent to the EU are hit with a VAT that ranges from 17 % to 27 %. Reciprocity would require us to impose the same tariff on EU goods entering the US. That would be "fair".
May 14, 2019 20:30:27 #
Farmer says there is a rise in suicides after tariffs CNN Minnesota soybean farmer Bill Gordon could lose $65,000 because of President Trump's tariffs on China. Gordon told CNN's Erin Burnett that rural communities are already feeling the effects from the tariffs. Published at: 4:50 PM, Mon May 13 2019.
The only one Trump can work with.
The only one Trump can work with.
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