U.S. Wins WTO Case to destroy India's Solar Power Industry

[pampango]

38. "The solutions for a 100% tariff world are not necessarily the solutions for a 0% tariff world."Good

point. Of course, it is the internationalism of FDR and Truman and the institutions they created that led us from a "100% tariff world" to a "0%" one. Though the average tariff under Hoover's Smoot-Hawley Act in 1930 was 19.8%, not 100%.

How do we change from what we have now to a "5% tariff world" or a 10% one or a "25% to 45%" (take that Mr. Smoot and Mr. Hawley) unilateral tariff world as proposed by Trump (and smiled upon by the ghost of Herbert Hoover) without causing FDR to roll over in his grave?

These days, tariffs are either non-existent or dwarfed by currency fluctuation.

Agreed. If the value of a currency in say Greece or Venezuela falls, that is understandable and perhaps good for the country. If it falls in a healthy country as the result of manipulation that is another story.

It is hard to imagine countries worried about their 'national sovereignty' signing a trade agreement that allowed international arbitration panels to control the value of a country's currency.

It is a complicated problem with a complicated solution (whatever that is). (Demagogues like Trump always over-simplify solutions.) Going back to Hoover's 'anything goes' unilateralism, Trump's views notwithstanding, would hardly be a liberal solution. But just driving down tariffs without considering labor, human rights and environmental issues is not the answer either.