stoje_i_patrze
03.03.18, 22:53
Trump nakłada cła, to mały cytacik.
The Smoot-Hawley Tariff Act of 1930 signed into law by Republican President Herbert Hoover gave us, and worsened, the Great Depression.
Richard Nixon's 10 percent import surcharge contributed to the stagflation of the 1970s.
George W. Bush tried to save the steel industry by imposing tariffs on steel and If those tariffs worked, we wouldn't be having this discussion today. We tried to save the color TV industry with protectionist measures and instead they wiped out the domestic production.
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Meanwhile, Canada is the number one exporter of steel to the United States. Does anyone really believe Canada is a national security threat to the U.S.?
What does worry us that Canada and Mexico are now both threatening retaliatory tariffs against America. This tit-for-tat trade breakdown could put NAFTA in serious jeopardy. That could inflict severe economic damage to all three nations, and a stock market meltdown.
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Ronald Reagan in the 1980s invoked anti-dumping provisions against Japanese steel. It was one of his few decisions he later confessed he wishes he hadn't made. Trump will come to learn the same thing, and we hope it is sooner, not later.
Mr. President, tariffs are really tax hikes
Trump threatens to slap retaliatory tariff on European cars as trade war talk heats up
President Trump hit out at Europe, which has threatened retaliation for new U.S. steel export tariffs.
Trump said the U.S. may levy a 25 percent tax on cars exported from the European Union, which could impact popular brands sold stateside.
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That could spell trouble for car manufacturers like Volkswagen and BMW, two of the most popular European brands sold in the U.S. The German luxury car maker also manufactures many of its cars in America, shipping billions of dollars worth abroad. In 2016, the EU shipped more than 6 million cars abroad, and the U.S. — its largest market by far — absorbed more than 1 million of those, according to the European Automobile Manufacturers Association.
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