by Jim Geraghty March 8, 2016 9:07 AM Read more at:
You know that 45, or 35, or 25 percent tariff Donald Trump keeps calling for? We’ve already tried that on Chinese tires. Over on the home page this morning, I point out that it didn’t generate the results that everyone hoped. If you work in the tire industry, maybe you’re fine with blowing up the export market for poultry producers. The problem is, putting a tariff on tires from one country is good news for tire industry workers in a bunch of other countries, too. Forbes reported that from 2009 to 2011, “30 percent more tires were imported from Canada; 110 percent more from South Korea; 44 percent more from Japan; 152 percent more from Indonesia; 154 percent more from Thailand; 117 percent more from Mexico and 285 percent more from low volume provider Taiwan, according to the U.S. International Trade Commission.”.....
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You know that 45, or 35, or 25 percent tariff Donald Trump keeps calling for? We’ve already tried that on Chinese tires. Over on the home page this morning, I point out that it didn’t generate the results that everyone hoped. If you work in the tire industry, maybe you’re fine with blowing up the export market for poultry producers. The problem is, putting a tariff on tires from one country is good news for tire industry workers in a bunch of other countries, too. Forbes reported that from 2009 to 2011, “30 percent more tires were imported from Canada; 110 percent more from South Korea; 44 percent more from Japan; 152 percent more from Indonesia; 154 percent more from Thailand; 117 percent more from Mexico and 285 percent more from low volume provider Taiwan, according to the U.S. International Trade Commission.”.....
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