7 ms·
There's a difference. Smoot-Hawley was a massive and unprovoked tariff. China already taxes products made by US companies at similarly massive levels - I've bee
by drak0n1c 9y ago
There's a difference. Smoot-Hawley was a massive and unprovoked tariff. China already taxes products made by US companies at similarly massive levels - I've been to China multiple times and everything from American brand toiletries to cars costs nearly 2-3x as much as they cost here in the US! Part of that is shipping and premium brand pricing, but a large part is Chinese protectionism aimed at putting our products out of reach of the masses.
You can choose - either continue to suffer Chinese tariffs being 10x greater than ours, or engage in reciprocal rate matching that will motivate negotiations for mutual rate lowering.