General Discussion
In reply to the discussion: Tariffs were very strong American worker wage protection, HENCE corporations hate tariffs. [View all]brentspeak
(18,290 posts)Who said that the VAT is a tariff? I sure didn't. The links I provided to refer to the Import Turnover Tax. It makes Germany's import tax the equal of its domestic VAT, is targeted directly at imported goods, and is therefore a tariff.
"German imports would not be 37.5% of their economy"
Almost 2/3 of Germany's imports come from the other EU nations -- nations which don't dump cheap products on each other's land. And while the center-right Merkel gov't has been trying to open the floodgates to China's cheap imports -- and thus, destroy Germany's own domestic solar panel manufacturing sector -- the EU overruled her and wisely voted to impose tariffs on Chinese solar panels.
"Canada does not have 'high tariffs' on Chinese imports."
Canada just raised tariffs on Chinese imports, but not high enough. China's sky-high tariffs on Canadian products is damaging Canada's economy.
Canada needs to do what FDR would have done had he'd been faced with China trying to dump its products onto US shores while simultaneously blocking access to American-made products, as well as manipulating its currency to unlevel the playing field: assess high tariffs on Chinese goods (see the Reciprocal Trade Act).