Keyword: tariffs

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  • The "10% Flex" Tax plan, a novel idea for Taxes and Tariffs ~ Vanity

    05/24/2016 6:04:51 PM PDT · by GraceG · 29 replies
    GraceG
    When it comes to taxes, depending on whichever conservative you talk to they all have a different idea on what sort of tax plan would work best. Some want a national sales Tax, some want an income tax, and some even want a Tariff. So why not UNIFY under a plan that ALL of us can get behind? Here is an idea that I have been thinking about that i have never seen before. I call it the "10% Flex" Tax plan. Why is it flexible? It is flexible as it would allow congress to control what TYPE of taxes...
  • Tariff bill to help manufacturers cut some tax costs

    05/23/2016 12:25:08 PM PDT · by FreedomNotSafety · 14 replies
    Plastic News ^ | May 23, 2016 | Gayle S. Putsch
    "The U.S. Senate approved a bill May 12 that would overhaul the process for businesses requesting tariff suspensions and reductions." "The miscellaneous tariff bill (MTB) establishes a new process for manufacturers to avoid having to pay tariffs on imported raw materials and intermediate products for which there are no suitable U.S.-based suppliers."
  • Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants

    05/17/2016 12:12:21 PM PDT · by Jim 0216 · 72 replies
    The ROOT CAUSE of our economic woes including business leaving our shores is the FEDERAL GOVERNMENT unconstitutionally forcing minimum wage on business. Minimum wage, regulations, unions, and high taxes are THE CAUSE of businesses moving elsewhere. Federal government is the problem NOT the solution. Although I support Trump, his tariff proposals are MORE federal government and do NOTHING to attack the ROOT CAUSES of the loss of jobs in our country. Tariffs have the appearance but not the reality of a solution - they are only palliative and delay the actual reforms needed. A tariff is a tax and China...
  • Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants

    05/15/2016 8:59:32 PM PDT · by Jim 0216 · 138 replies
    Investor's Business Daily ^ | 3/18/2016 | Editorial
    Overregulation: Carl’s Jr. and Hardee’s CEO Andy Puzder has people all in a huff over his idea to automate restaurants. But why be upset with Puzder? This is an inevitable consequence of massive minimum wage hikes by the government. “With government driving up the cost of labor, it’s driving down the number of jobs,” said Puzder. “You’re going to see automation not just in airports and grocery stores, but in restaurants.” He’s right. That’s why whenever the minimum wage rises above the market-set prevailing wage, jobs are destroyed. Who would pay someone $15 an hour to do a job that’s...
  • U.S. RAISES TARIFF FOR MOTORCYCLES

    05/08/2016 8:34:01 AM PDT · by detective · 56 replies
    New York Times ^ | April 2, 1983 | CLYDE H. FARNSWORTH
    In an unusually strong protectionist action, President Reagan today ordered a tenfold increase in tariffs for imported heavyweight motorycles. The impact of Mr. Reagan's action, which followed the unanimous recommendation of his trade advisers, is effectively limited to Japanese manufacturers, which dominate every sector of the American motorycycle market. The action was exceptional for protecting a single American company, the Harley-Davidson Motor Company of Milwaukee, the sole surviving American maker of motorcycles.
  • If I were a shill for industry ...

    04/19/2016 5:05:05 AM PDT · by Eric Pode of Croydon · 1 replies
    TribLive ^ | 13 March 2008 | Donald Boudreaux
    A blogger recently complained that I (along with my fellow bloggers from George Mason University's Department of Economics) "seem to be shills for industry." This lazy accusation is as familiar as it is mistaken, for if I were truly a shill for industry ... • I'd be wealthy, raking in many more dollars than I now take in from my job as a professor at a state university. • I would not have come by my strong preference for freedom and free markets when I was still an undergraduate at Nicholls State University in south Louisiana. Corporations are not known...
  • If You Have No Good Intellectual Arguments, Accuse Your Opponents of Being Shills

    04/19/2016 5:01:06 AM PDT · by Eric Pode of Croydon · 7 replies
    Cafe Hayek ^ | 18 April 2016 | Don Boudreaux
    The stupidest, lamest, and couldn’t-be-more-mistaken charge often leveled at those who find great merits in free markets (such as me and my colleagues at GMU Economics and the Mercatus Center, and my dear friends at institutions such as the Cato Institute and the Hoover Institution) is that we’re “bought off by” or are “paid shills for” rich business people. Such a charge or belief reflects an utter misunderstanding of economics and of how economies operate. Currently successful business people have a material interest in stifling at least some market competition and in themselves receiving handouts and special privileges from the...
  • Trump touts terrific tariff to fix manufacturing job loss in New York

    04/11/2016 5:10:50 PM PDT · by 2ndDivisionVet · 37 replies
    The Washington Examiner ^ | April 10, 2016 | Kyle Feldscher
    Donald Trump played up his plans to tax companies that move jobs out of the United States as he tried to appeal to blue collar workers in a New York rally Sunday. Speaking for about an hour Sunday in Rochester, N.Y., Trump recited statistics about the area's loss of manufacturing jobs and economic hardship in recent years. He reiterated his desire to tax goods sold by companies once based in the United States that moved away to find cheaper labor. The plan has been widely panned by economic experts. But the Rochester crowd ate it up. "I'm the only one...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Does the Cruz VAT Tax Solidify Trade Deficit? [aw!m vanity]

    04/03/2016 7:38:50 AM PDT · by Arthur Wildfire! March · 56 replies
    As I understand it, a VAT tax is very different than a national sales tax because it taxes every level of production and distribution. That gives imported products a grossly unfair advantage. ~~~ For example -- the price of a screw. First the ore value is taxed. Then the smelted steel value is taxed. Then the steel distributer is taxed. Then after the screw is made, the value of the screw is screwed again. Then the screw wholesale value is screwed. Then the retail value is screwed again -- the only visible aspect of the tax. The rest of the...
  • Of Course Donald Trump's Policies Would Cause A Trade War: By Trump On Americans

    03/25/2016 3:23:49 AM PDT · by reaganaut1 · 42 replies
    Forbes ^ | March 24, 2016 | Tim Worstall
    [T]he point and purpose of trade is to gain access to those lovely imports from Johnny Foreigner. We only ever import what those foreigners can do better, cheaper, or (perhaps with in season foods) at different times from us. By definition, for the quality of the goods, they must be cheaper. Otherwise why would be bother with the ships and everything? Further, it must be a deal by our lights. None of us goes out and buys stuff we don’t think is worth the money we’re paying for it. This is true of stuff we can do in our own...
  • Trump's tariff plan could boomerang, spark trade wars with China, Mexico

    03/24/2016 10:44:33 AM PDT · by reaganaut1 · 132 replies
    Reuters ^ | March 24, 2016 | DAVID LAWDER AND ROBERTA RAMPTON
    Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports may have won him votes in Republican primaries but they would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains. The Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession, former trade negotiators, trade lawyers, economists and business executives told Reuters. "I don't mind trade wars when we're losing $58 billion a year," Trump said in a Feb. 25 debate,...
  • 1924 Republican Platform (Very protectionist)

    03/21/2016 4:49:18 AM PDT · by central_va · 43 replies
    patriotpost ^ | 1924 | Sane Republicans
    The Tariff We reaffirm our belief in the protective tariff to extend needed protection to our productive industries. We believe in protection as a national policy, with due and equal regard to all sections and to all classes. It is only by adherence to such a policy that the well being of the consumers can be safeguarded that there can be assured to American agriculture, to American labor and to American manufacturers a return to perpetrate American standards of life. A protective tariff is designed to support the high American economic level of life for the average family and to...
  • Levin: Populism is Progressivism, Which is Statism (audio: 12:41)

    03/18/2016 3:17:40 PM PDT · by EveningStar · 178 replies
    Conservative Review ^ | March 17, 2016 | Mark Levin
    Levin: Populism is Progressivism, Which is Statism (audio: 12:41)
  • China's state media warns US against Trump

    03/14/2016 12:57:31 PM PDT · by Trumpinator · 89 replies
    skynews.com.au ^ | 6:59 pm, Monday, 14 March 2016 | skynews.com.au
    In a strongly worded editorial on Monday, China's official media criticised the rise of Donald Trump in the race to the White House, warning of severe consequences if he is elected US president. 'The rise of Trump has opened a Pandora's box in US society,' says the editorial published by the People's Daily and the Global Times newspapers, two mouthpieces of the Communist Party of China. 'Instead of pointing fingers at other countries for their so-called nationalism and tyranny, the US had better watch itself from becoming a source of destructive forces against world peace,' it says while underlining Trump's...
  • The Specter of Protectionism in America

    03/09/2016 7:01:55 AM PST · by reaganaut1 · 48 replies
    The National Interest ^ | March 8, 2016 | Milton Ezrati
    ... Though from time to time trade protection can help specific groups, it always hurts the broad mass of workers and most firms. All consumers pay for the protection given some by losing access to less-expensive imports and suffering a consequent reduction in their living standards. Unprotected firms pay as well by having to spend more on inputs to their processes. They lose business by failing to deliver products to American consumers at lower prices and seeing their competitive edge in global markets weaken. Their growth slows accordingly, including their ability to create more jobs. A most dramatic, though hardly...
  • Walter Williams: The Unseen Cost Of Saving Jobs With Tariffs

    03/09/2016 6:41:38 AM PST · by SeekAndFind · 75 replies
    IBD ^ | 03/09/2016 | Walter Williams
    Claude Frederic Bastiat (1801-50) — a French classical liberal theorist, political economist and member of the French National Assembly — wrote an influential essay titled “That Which Is Seen and That Which Is Not Seen.” He argued that when making laws or economic decisions, it is imperative that we examine not only what is seen but also what is unseen. In other words, examine the whole picture. Americans who support tariffs on foreign goods could benefit immensely from Bastiat’s admonition. A concrete example was the Bush administration’s 8% to 30% tariffs in 2002 on several types of imported steel. They...
  • The Seen and Unseen

    03/09/2016 5:34:18 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | March 9, 2016 | Walter E. Williams
    Claude Frederic Bastiat (1801-50) -- a French classical liberal theorist, political economist and member of the French National Assembly -- wrote an influential essay titled "That Which Is Seen and That Which Is Not Seen." Bastiat argued that when making laws or economic decisions, it is imperative that we examine not only what is seen but what is unseen. In other words, examine the whole picture. Americans who support tariffs on foreign goods could benefit immensely from Bastiat's admonition. A concrete example was the Bush administration's 8 to 30 percent tariffs in 2002 on several types of imported steel. They...
  • The Unseen Cost Of Saving Jobs With Tariffs

    03/09/2016 3:43:27 AM PST · by expat_panama · 217 replies
    Investors Business Daily ^ | March 8, 2016 | WALTER E. WILLIAMS
    ...when making laws or economic decisions, it is imperative that we examine not only what is seen but also what is unseen. In other words, examine the whole picture... ...A concrete example was the Bush administration’s 8% to 30% tariffs in 2002 on several types of imported steel. They were levied in an effort to protect jobs in the ailing U.S. steel industry. Those tariffs caused the domestic price for some steel products, such as hot-rolled steel, to rise by as much as 40%.... ...there is no such thing as a free lunch... ...steel-users — such as the U.S. auto...
  • Trump’s bad logic on 'bad trade deals'

    03/07/2016 9:01:17 AM PST · by reaganaut1 · 127 replies
    Yahoo Finance ^ | March 4, 2016 | Rick Newman
    Somebody please tell Donald Trump: A trade deficit isn’t a loss. You could even argue it’s a gain. The Republican presidential frontrunner has been railing against “bad trade deals” since declaring his candidacy last summer. And he’s amplified the criticism, if that’s possible, in recent weeks. “If you look at China, and you look at Japan, and if you look at Mexico … they’re killing us,” he said during the latest Republican debate on Fox News. “With China we’re going to lose $505 billion in terms of trade …. Mexico, $58 billion. Japan, probably about… $109 billion.” Trump is talking...
  • The Problem with Trump’s Protectionist Tariffs

    03/08/2016 7:31:07 AM PST · by reaganaut1 · 80 replies
    National Review ^ | March 8, 2016 | Jim Geraghty
    Donald Trump has pitched himself to voters as a proud protectionist, intent on punishing the Chinese companies that he says are hurting American workers. In his January meeting with the editorial board of the New York Times, he said he would impose a 45 percent tariff on all products imported from China. Luckily, we don’t have to guess how such a tariff would impact the economy, because the Obama administration attempted a version of Trump’s idea seven years ago. It did not go well. “It’s basically a real-world case study on what would happen if we imposed 35 percent tariffs...
  • Cold-Rolled Steel From China Slapped With 265% Anti-Dumping Duties

    03/04/2016 8:12:03 AM PST · by mac_truck · 43 replies
    Metal Miner ^ | 3/2/2016 | Jeff Yoders
    The Department of Commerce today announced its affirmative preliminary determinations in the anti-dumping duty investigations of imports of cold-rolled steel flat products from Brazil, China, India, Japan, South Korea, Russia, and the United Kingdom. In the Brazil investigation, mandatory respondent Companhia Siderurgica Nacional received a calculated preliminary dumping margin of 38.93%. The second mandatory respondent, Usiminas Siderurgicas de Minas Gerais, did not respond to all of Commerce’s requests for information, and therefore received a dumping margin based on adverse facts available. Usiminas and all other producers/exporters in Brazil also received a preliminary dumping margin of 38.93%. China Receives Heavy Duties...
  • Could a George Washington run for President in today's' USA?

    03/01/2016 1:36:05 PM PST · by central_va · 57 replies
    free republic ^ | 3/1/16 | self
    George Washington's clone would have hard time in today's political climate, especially if he wanted to be president. The globalist controlled world would try to crush the father of our country in ways King George III could never have dreamed of.The man who warned of foreign entanglements would find a country enmeshed in foreign trade, wars and politics the likes of which would make old Georges wooden teeth fly out of his mouth. What happened to protectionism? Why is industry shutting down in the USA and off shored for labor arbitrage under the guise of government regulatory burdens? Regulations are...
  • White House orders changes to labeling of products imported from Israel

    01/30/2016 7:49:51 PM PST · by Kaslin · 18 replies
    Hot Air.com ^ | January 30, 2016 | JAZZ SHAW
    Here’s a story which seemed to get lost in the shuffle this month, what with so many other alerts devouring the news cycle. A memo was sent out from the Obama administration early in January directing a change to how products from Israel are labeled. As Adam Kredo at the Washington Free Beacon explains, this has riled up many folks on both sides of the aisle. A memo issued earlier this month by the Obama administration directs the U.S. "trade community" and government partner agencies to explicitly label Israeli-made goods that have been produced in the West Bank.The Jan. 23...
  • What Trump Doesn’t Understand -- It’s a Lot -- about Our Trade Deficit with China

    01/10/2016 8:20:54 PM PST · by SeekAndFind · 195 replies
    National Review ^ | 01/10/2016 | Kevin Williamson
    Donald Trump exemplifies one of the strange and lamentable dynamics in democratic discourse: People tend to have the strongest opinions on those things about which they have the least knowledge. Herr Apfelstrudelfuhrer imagines himself issuing decrees that presidents have no power to issue, and he doesn't seem to understand that illegal immigration -- his headline issue -- isn't in the main driven by people walking across the Mexican border. He doesn't seem to understand how laws are made or how government money is appropriated. He has, to say the least, a lot to learn. Now he wants to launch a...
  • Trump Threatens 35% Tax on Ford if Mexico Operations Expand

    12/26/2015 9:13:54 AM PST · by ScottWalkerForPresident2016 · 396 replies
    Mustang 360 ^ | 12/23/2015 | John Gilbert
    It was the Detroit News headline "Trump goes after Ford Motor Co." not how long Hillary went overtime in the restroom that got our attention. Donald Trump made a whistle stop outside Grand Rapids, Michigan to take aim at Ford’s plans to expand production in Mexico. Trump promised if elected he would threaten manufacturers with big tariffs on imports to discourage building manufacturing plants south of the border. Trump to Ford, "If you build that plant in Mexico, I’m going to charge you 35 percent on every car, truck part that you send into our country," he said. "Every single...
  • Free Trade Illusions: Why Free trade should not be a sacred doctrine among conservatives.

    09/29/2015 7:13:39 AM PDT · by SeekAndFind · 52 replies
    American Thinker ^ | 09/29/2015 | Norman Rogers
    Free trade is supported by enlightened thinkers and academic economists.  Those who are opposed to free trade are seen as special interests trying to shelter uneconomic industries that can’t stand up to foreign competition.  It is a truism that no trade transactions would take place if they weren’t to the advantage of both parties.  What could possibly be wrong with trade that is advantageous to both parties? If free trade is so wonderful, one has to wonder why many of our trading partners are resistant to it.  Perhaps these countries are just behind the times.  They may not have...
  • Donald Trump: America Needs ‘Fair Trade,’ Not ‘Free Trade’

    09/27/2015 8:42:57 PM PDT · by Red Steel · 103 replies
    Breitbart ^ | 27 Sep 2015 | Alex Swoyer
    “Claims that trade deals increase exports and create jobs are based on flawed trade models, and on distorted and one-sided interpretations of the findings of those models,” Scott explained. “If you’re president, you’re going to have to live with it,” Pelley said to the billionaire businessman during the interview, referencing NAFTA. Trump fired back: “Excuse me, we will either renegotiate it or we will break it. Because, you know, every agreement has an end.” Pelley said Trump can’t just break the law. “Excuse me, every agreement has an end. Every agreement has to be fair,” Trump reiterated. “Every agreement has...
  • [Vanity] Trump manhandles SeeBS and Scott Pelley [On now West Coast 7pm]

    09/27/2015 5:22:06 PM PDT · by re_nortex · 232 replies
    CBS 60 Minutes ^ | 9/27/2015 | Video at link
    Donald Trump is firing salvo after salvo tonight on 60 Minutes. He's winning the arguments in a hostile, communist environment. The unhinged far-left interviewer, Scott Pelley, may have been born in Texas but he's not a true Texan because he rejected the Conservative Christian (and Jewish) values of the Lone Star state. Since Pelley (like Dan Rather, Walter KKKronkite and Egbert R. Murrow) is a limp-wristed metrosexual who hates America, it's great to see him getting TRUMPED! Go Trump go! Attack! Attack! Attack!
  • Trump catches attention of CFR, Bilderberg, Trilateral

    08/25/2015 6:46:47 PM PDT · by dontreadthis · 67 replies
    jon rappoport blog ^ | August 24, 2015 | Jon Rappoport
    The powerful Globalist players at the Council on Foreign Relations, the Bilderberg Group, and the Trilateral Commission are certainly watching the presidential campaign of Donald Trump. Trump has already made statements about immigration they find troubling. They may or may not be taking Trump’s presidential run seriously. They may or may not view him as an inconsequential blowhard, a shoot-from-the-hip cowboy who forgets today what he said yesterday—but today the New York Times has made reference to Trump in a way that will make these Globalist heavy hitters pause and blink while drinking their morning coffee (Here in “As Stock...
  • Donald Trump’s fairy tale economics is bad for his party and terrible for America

    07/30/2015 3:46:16 AM PDT · by 2ndDivisionVet · 54 replies
    London's City A.M. ^ | July 28, 2015 | Ryan Bourne, head of public policy at the Institute of Economic Affairs.
    The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016. The pack is certainly more impressive than in 2012 and, with the exception of one or two candidates, they are ostensibly advocates of relatively free market policies. In a campaign against an unlikeable Hillary Clinton, many conservatives were quietly confident of victory in 2016. But all these voices are being drowned out by the brash businessman and property magnate Donald Trump. Despite widespread criticism for his remarks about “rapist” illegal Mexican immigrants, Trump...
  • A Reaganesque solution to the Ex-Im Bank dilemma

    05/27/2015 8:45:30 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Times ^ | May 26, 2015 | John R. Bolton
    Opposition to the U.S. Export-Import Bank (Ex-Im) is now at the point where the bank’s reauthorization is genuinely in doubt. Spurred by accusations of corporate welfare, crony capitalism and outright corruption, opponents believe the Ex-Im Bank’s palpable violation of free-market principles fully warrants its early demise. The Ex-Im Bank’s critics have their economics entirely correct, but they have their geopolitics wrong. Their solution — simply terminating the bank — is appealing but counterproductive. What America should do, under a president with the wit to do it, is negotiate the global elimination of “export credits” (as these subsidies are generically known)....
  • US to allow Mexican trucks in with screening

    01/09/2015 5:55:04 PM PST · by Olog-hai · 46 replies
    Associated Press ^ | Jan 9, 2015 7:37 PM EST
    The U.S. Department of Transportation says it will soon allow Mexican trucking firms to apply for authorization to make long-haul cross-border runs, potentially ending a longstanding dispute. It says it expects the move to permanently end Mexico’s on-again, off-again retaliatory tariffs on $2 billion in U.S. imports. […] The opening is a long-delayed provision of the 1994 North American Free Trade Agreement. …
  • As Bad As ObamaCare Is, Hawley-Smoot Tariff Act Was Worse

    06/16/2014 6:30:30 AM PDT · by SeekAndFind · 6 replies
    IBD ^ | 06/16/2014 | By BURTON A. ABRAMS
    Tuesday marks the anniversary of one of the most destructive pieces of legislation in U.S. history: the Hawley-Smoot Tariff Act of 1930, which triggered a disastrous trade war, intensified the Great Depression and helped set the stage for World War II. Unfortunately, as the Affordable Care Act and Dodd-Frank Wall Street Reform and Consumer Protection Act demonstrate, Washington continues its long-held tradition of passing ill-conceived legislation. The Affordable Care Act and Dodd-Frank, both passed in 2010, clearly have hurt the U.S. economy: increasing business costs, slowing hiring, adding to the uncertainty that investors face. But Hawley-Smoot arguably was worse. The...
  • Lincoln's Tariff War

    12/30/2013 5:18:21 PM PST · by dontreadthis · 83 replies
    Mises Daily ^ | May 06, 2002 | Thomas J. DiLorenzo
    When Charles Adams published his book For Good and Evil, a world history of taxation, the most controversial chapter by far was the one on whether or not tariffs caused the American War between the States. That chapter generated so much discussion and debate that Adams's publisher urged him to turn it into an entire book, in the form of When in the Course of Human Events: Arguing the Case for Southern Secession. Many of the reviewers of this second book, so confident were they that slavery was the one and only possible reason for both Abraham Lincoln’s election to...
  • EU brewers want ‘unfair’ beer tax removed through TTIP (free trade agreement w/US)

    12/09/2013 1:01:59 AM PST · by Olog-hai
    EurActiv ^ | 09 December 2013
    European brewers last week (4 December) urged EU negotiators to put a removal of taxes on European brewers, from which their American competitors are exempt, on the table in the free-trade negotiations with the US. In the EU, small brewers have a reduced excise tax rate. This tax rate also applies to small US brewers importing to the EU, whereas the equivalent small brewer tax relief in the US only applies to domestically-produced beer. This puts EU brewers exporting to the US at an important disadvantage, Brigid Simmonds, chief executive of the British Beer and Pub Association, said at a...
  • Free Money Math vs. 100% Gold Backed Dollar

    11/28/2013 7:36:55 AM PST · by Kaslin · 24 replies
    Townhall.com ^ | November 28, 2013 | Mike Shedlock
    In the wake of all the misguided pleas for negative interest rates in Europe (hoping to get banks to lend), comes news US banks warn Fed interest cut could force them to charge depositors. Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves. Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households. The warning by bank executives highlights the dangers of one...
  • America’s protectionist policies send production and jobs overseas and damage the US economy

    10/23/2013 4:54:55 PM PDT · by BfloGuy · 9 replies
    American Enterprise Institute ^ | 10/21/13 | Mark J. Perry
    America’s long-standing protectionist farm policies protect inefficient domestic sugar beet growers from more efficient foreign competition, which have driven up average wholesale sugar prices in the US to twice the world price: 29 cents per pound on average in the US vs. 14.6 cents in the world market since 1982 (see chart above, data here). And as a result, US manufacturers of products with high sugar content have increasingly moved their production overseas to avoid America’s artificially high sugar prices and take advantage of the lower world price for their main input.Predictably, our protectionist trade and agricultural policies reap generous...
  • FORGET THE INDOCTRINATION: Hitler and Mussolini were "progressives" and men of the left

    02/17/2013 10:33:22 PM PST · by 2ndDivisionVet · 40 replies
    Doug Ross @ Journal ^ | February 17, 2013 | Doug Ross
    Daniel Hannan cuts through the disinformation routinely spewed by the pundit class to reveal the true historical nature of fascism, albeit as it pertains to British politics. The lessons, however, are applicable here as well. 'I am a Socialist,' Hitler told Otto Strasser in 1930, 'and a very different kind of Socialist from your rich friend, Count Reventlow'. No one at the time would have regarded it as a controversial statement. The Nazis could hardly have been more open in their socialism, describing themselves with the same terminology as our own SWP: National Socialist German Workers' Party. Almost everyone in...
  • Ford takes the road from Flanders to Valencia

    10/26/2012 12:39:51 AM PDT · by bruinbirdman · 20 replies
    The shutdown of the Genk plant announced by the American manufacturer has sent shock waves through Belgium. But in Valencia, Spain, where the production is moving to, Ford is looking forward to the competitive advantage the region offers. Ford employees blocking the entrance to the US car manufacturer’s Genk plant, October 24, 2012 The October 24 announcement that Ford’s plant in Genk will down tools in 2014 has provoked a wave of anger in the Flemish press. More than 10,000 jobs in the plant itself and in its sub-contractors will disappear. In Gazet van Antwerpen, columnist Paul Geudens rails against...
  • Obama admin slaps tariff on solar panels from China… because of government subsidies

    03/21/2012 6:44:12 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 03/21/2012 | Ed Morrissey
    Yes, you read that correctly. Three years after committing tens of billions of dollars in subsidies to green-energy firms, including massive amounts of subsidies to solar-panel firms like Solyndra, the Obama administration proclaims themselves shocked, shocked! that China subsidizes the production of solar panels in their own country:CLICK ABOVE LINK FOR THE VIDEO The U.S. Commerce Department announced tariffs on Chinese-made solar panels on Tuesday that it said had benefited from unfair subsidies by Beijing.The preliminary ruling came in response to a complaint from SolarWorld Industries America, a U.S. manufacturer that is a subsidiary of Germany’s SolarWorld. The tariffs were...
  • U.S. to Place Tariffs on Solar Panels From China

    03/20/2012 1:47:35 PM PDT · by Oldeconomybuyer · 12 replies
    New York Times ^ | March 20, 2012 | By KEITH BRADSHER and MATTHEW L. WALD
    The United States Commerce Department said Tuesday it would impose tariffs on solar panels imported from China after concluding that the Chinese government provided illegal export subsidies to manufacturers there. The tariffs were smaller than some American industry executives had hoped for — 2.9 percent to 4.73 percent — which could blunt their effect on the market. But whatever the size of the penalties, Tuesday’s ruling is likely to further heighten trade tensions with China, while holding implications for renewable energy policy in this country.
  • Congress approves punitive tariffs against China

    03/09/2012 11:37:47 AM PST · by 1rudeboy · 52 replies · 1+ views
    AP ^ | March 9, 2012 | Jim Abrams
    WASHINGTON (AP) — Congress on Tuesday overturned a court decision and reaffirmed that the government has the right to impose higher tariffs on goods from China and other state-run economies that subsidize their exports to the United States. The House voted 370-39 to pass the measure and send it to President Barack Obama for his signature. The Senate approved it Monday on a voice vote with no debate. "By passing this law, Congress has taken a clear stand against the unfair trade practices that have put countless American jobs in jeopardy," Vice President Joe Biden said in a statement. The...
  • Sugar Tariffs Cost Americans $3.86 Billion in 2011

    01/28/2012 4:40:52 PM PST · by BfloGuy · 52 replies
    Carpe Diem ^ | Jan. 28, 2012 | Mark Perry
    The chart above displays annual refined sugar prices (cents per pound) using data from the USDA (Tables 2 and 5) between 1982 and 2011 for: a) the U.S. wholesale refined sugar price at Midwest markets, and b) the world refined sugar price. Due to import quota restrictions that strictly limit the amount of imported sugar coming into the U.S. at the world price, the domestic producers are protected from more efficient foreign sugar growers who can produce cane sugar in Central America, Africa and the Caribbean at half the cost of beet sugar in Minnesota and Michigan. Of course,...
  • China Gets Revenge On Obama With Tariff On U.S. Autos

    12/16/2011 7:33:02 AM PST · by Qbert · 12 replies · 1+ views
    Forbes ^ | 12/15/2011 | Kenneth Rapoza
    President Barack Obama hit China automobile tire makers with a trade tariff in 2009 and now Beijing has struck back with a potentially more punitive tariff, as much as a 21% tax hike on U.S. car exports bound for China, the world’s largest auto market. This week, the Chinese government upped the ante in the Obama-China trade dispute by surprisingly imposing new tariffs on imports of Honda and Cadillac models, Chrysler Jeep Grand Cherokee, the BMW X5 and X3 and Mercedes Benz models made in Michigan, Alabama and South Carolina. China argues that the U.S. provided illegal subsidies to these...
  • Romney's Threat to China

    10/27/2011 6:21:37 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | October 27, 2011 | Jeff Jacoby
    In his 2010 book "No Apology," Mitt Romney has a lot to say about China, much of it unfavorable. He writes of Beijing's "brutal repression and incarceration of dissidents." He decries the brazenness of Chinese enterprise, with its "rampant theft of intellectual property from Western businesses." He warns that China's "aggressive pursuit" of cyber-warfare capabilities has made it "the most active cyber-combatant in the world." He details the ominous Chinese military buildup in combat aircraft, submarines, and ballistic missiles. He laments the communist government's willingness to shield the odious regimes in Iran and Sudan from international sanction. Nevertheless, Romney's criticism...
  • Free Trade and the Steel Industry

    10/09/2011 1:37:52 PM PDT · by Toddsterpatriot · 164 replies
    YouTube ^ | 1978 | Milton Friedman
    Milton Friedman shows the stupidity of tariffs.
  • How Capital Crushed Labor

    09/05/2011 9:49:48 PM PDT · by Bratch · 106 replies
    Townhall ^ | 9/6/2011 | Pat Buchanan
    Once, it was a Labor Day tradition for Democrats to go to Cadillac Square in Detroit to launch their campaigns in that forge and furnace of American democracy, the greatest industrial center on earth. Democrats may still honor the tradition. But Detroit is not what she was, not remotely. And neither is America. Not so long ago, we made all the shoes and clothes we wore, the motorcycles and cars we drove, the radios we listened to, the TV sets we watched, the home and office calculators and computers we used. No more. Much of what we buy is no...
  • Create jobs by ending Bush & Obama's "appeasement" trade policy ("President Palin")

    06/13/2011 12:57:31 AM PDT · by 2ndDivisionVet · 25 replies
    Richman's Trade and Tax Blog ^ | June 12, 2011 | Howard Richman
    President Obama's stimulus has failed, just as we predicted. Federal Reserve Chairman Bernanke's QE2 has failed, just as we predicted. The administration and the Federal Reserve have run out of ideas. There is still a solution, but Washington is ignoring it. University of Maryland economist Peter Morici sums it up in a June 9 commentary (Cut Trade Gap to Create Jobs). Here is a selection: The trade deficit, along with the credit and housing bubbles, were the principal causes of the Great Recession. A rising trade deficit again threatens to sink the recovery and push unemployment to more than 10...
  • Fair Trade Revealed As Just a Feel-Good Hoax

    05/16/2011 4:50:55 AM PDT · by SeekAndFind · 5 replies
    Kids Prefer Cheese ^ | 05/15/2011 | Mungowitz
    I have for some time been a basher and hater of "Fair Trade," in coffee and other commodities. In fact, as far as I'm concerned, Russ Roberts and I podcastrated the whole issue nearly four years ago. Sarah Marchmont wrote a very fair-minded article about it. Here is the basic economics--a rent is being created: a price above market price is being charged. In countries where property rights, contracts, and rule of law is tenuous, feel-gooders and scam artists have put together an unholy coalition. The feel-gooders create something called "Fair Trade" certification, which means that the farmers get...