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To: central_va

20% would be a good number to compensate against somebody dumping subsidized crap on our shores. I tend to believe, however, that high tariffs as a rule do more harm than good, and that free trade (actual free trade, not managed trade) with friendly and neutral countries is beneficial to us.

As an example, the Smoot-Hawley tariffs (around 60%) and the resulting punitive tariffs on our goods by other countries, caused such a slowdown in international trade that it contributed to the Great Depression, due to a lack of foreign goods in addition to our domestic goods.


22 posted on 10/23/2017 7:08:21 PM PDT by Tolerance Sucks Rocks (Environ-MENTAL-ism is MENTAL)
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To: Tolerance Sucks Rocks

That Smoot Hawley significantly contribution to the Great Dispersion is neocon lie. Look at the raw data. Trade vs GDP? 4%. 4% which went to 2% of the economy post Smoot is not going to tank it in any significant way.


25 posted on 10/23/2017 7:12:16 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Tolerance Sucks Rocks

Dispersion = Depression


27 posted on 10/23/2017 7:15:45 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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