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pampango

(24,692 posts)
13. Across-the-board tariff increases were a "republican thing" for 100 years unti Reagan.
Thu Aug 9, 2012, 11:05 AM
Aug 2012

Punitive tariffs in cases where a country is not living up to its commitments on trade should be and is official Obama (though not Bush) policy.

Of course, the US has more punitive tariffs imposed on it than any other country including China. So lets not pretend that we live up to our word in every trade commitment we have ever made.

"The U.S. uses more than 300 anti- dumping and countervailing duty orders to shield American-made goods, from honey to bedroom furniture, against global competition it deems unfair and damaging to U.S. companies. About half the orders target iron and steel products.

China accounts for a third of all U.S. actions on imports, the most of any country, including about 100 anti-dumping and more than two dozen countervailing duty orders, according to the U.S. trade commission.

The Obama administration filed a trade complaint against China at the World Trade Organization in December 2010 over its support for wind-energy manufacturers through aid tied to the use of locally produced content. China agreed to end hundreds of millions of dollars in such subsidies, the U.S. trade office said in June."

http://www.bloomberg.com/news/2011-12-29/u-s-wind-tower-companies-seek-duties-against-china-vietnam-1-.html


And from wiki: http://en.wikipedia.org/wiki/Tariffs_in_United_States_history

"Woodrow Wilson (D) made a drastic lowering of tariff rates a major priority for his presidency.

When the Republicans (Harding followed by Coolidge and Hoover) regained power after the war they restored the usual high rates...with tariffs increases in 1921, 1922 and 1930.

Franklin D. Roosevelt and the New Dealers made promises about lowering tariffs on a reciprocal country-by-country basis (which they did).

After the war the U.S. promoted the General Agreement on Tariffs and Trade (GATT) (initiated by FDR and signed by Truman) established in 1947, to minimize tariffs and other restrictions, and to liberalize trade


So, yeah, I did say that high tariffs "was a Republican thing". And low tariffs were a "Democratic thing" as evidenced by the policies of Wilson, FDR and Truman. Tariffs also rose under Eisenhower then fell under Kennedy and LBJ.

Would you argue that it wasn't "a Republican thing" until Reagan came along? (And tariffs actually rose during his 8 years - despite his rhetoric - so he wasn't that different from his republican predecessors in that sense.)

And, of course, high tariffs are still the preference for most right wing parties in Europe who apparently never got the Reagan message that conservatives were supposed to flip-flop over to being in favor of low tariffs on trade.

Recommendations

0 members have recommended this reply (displayed in chronological order):

How long till Germany put a HUGE tariff.. 99Forever Aug 2012 #1
Exactly. We can respond to Chinese protectionism with American protectionism. Zalatix Aug 2012 #3
Sure as long as you don't mind sharp_stick Aug 2012 #2
Obama has responded to Chinese protectionism with some big tariffs... about 31%, I believe. Zalatix Aug 2012 #5
Actually the US tariffs Obama imposed were up to 250%, according to the article. pampango Aug 2012 #9
Obama, doing tariffs? Didn't you say that was a Republican thing? Zalatix Aug 2012 #11
Across-the-board tariff increases were a "republican thing" for 100 years unti Reagan. pampango Aug 2012 #13
Define "across the board". You mean Smoot Hawley? No one was arguing for that. Zalatix Aug 2012 #15
The Chinese economy is a 1%ers DREAM. Slave labor, Unaccountable pollution, Disdain for human rights JaneyVee Aug 2012 #4
Romney's kind of place. xtraxritical Aug 2012 #6
Yep. And every dollar stuck in Wall St only assures more of the same. raouldukelives Aug 2012 #16
Full steam ahead for China Franker65 Aug 2012 #7
China is only cornering the market on solar because the gov't heavily subsidizes their firms. Selatius Aug 2012 #8
+1 uponit7771 Aug 2012 #12
k/r nt Union Scribe Aug 2012 #10
It only works for China because we haven't retaliated (as we should have). badtoworse Aug 2012 #14
Wanting to emulate Chinas economy is nuts at best. nt. NCTraveler Aug 2012 #17
Protectionism works for whoever practices it, just look around. Populist_Prole Aug 2012 #18
Latest Discussions»General Discussion»Why PROTECTIONISM works. ...»Reply #13