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To: Toddsterpatriot

“Sounds like something you pulled out of your ass. I’m sure Washington was much better at math than you. LOL!”

I can’t find the quote. I haven’t read this book in years. But the Tariff Act of 1789 was the second bill signed by Washington as president, a protective tariff, to protect and encourage domestic manufacture by making foreign goods of equal price or more expensive.

We did the same in the 18 teens, when Europe tried to flood the American market with goods. Have you read any trade history?


27 posted on 01/27/2014 4:22:59 PM PST by cotton1706
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To: cotton1706
But the Tariff Act of 1789 was the second bill signed by Washington as president, a protective tariff, to protect and encourage domestic manufacture by making foreign goods of equal price or more expensive.

Yes, tariffs can protect infant industry by making foreign goods more expensive. Tariffs cannot reduce the impact of shipping costs.

28 posted on 01/27/2014 4:32:42 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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