What we need to do is develop a new computerized tarrif system which takes into account the actual cost of living in the country of manufacture. That way, if for example, the cost of living in a country is 50% of the cost in the US, the cost of the tariff would be 50%. Getting tired of giving you math lessons, but here we go again.
If the cost of living in another country is 50% of the U.S. then I guess your point is their goods would cost 50% of our goods.
If you add a 50% tariff on a good that costs 50% you would only be adding 25%.
You meant to say a tariff of 100% would bring the price of their good up to the same level.
It's a good thing you're a chemistry and biology teacher and not a math teacher.
380 - And ToddsNoTrader, while he doesn't understand trade, can't even figure out what 'for example' means.
Ninenot, Since you are interested in trade:
It really gripes me, these people, who don't understand about trade, and disparage our opinions. I know things have changed a bit since I went to international trade school, and spent about 5 of my years as international Traffic Manager, building those petro-chem plants around the world. I shipped millions of tons of cargo, charterd ships, negotiated tariffs, wrangled with customs around the globe for years. It was very interesting.
The school was located in the World Trade Center in NYC, and got blown away in the massacre, but they are back in business. World Trade Centers around the world offer some courses, though this is one of the best, and it is now on the internet.
Check out some of the professional courses - you may be interested:
http://www.wti.pace.edu/SITC/course_descriptions.html World Trade Institute, School of International Trade & Commerce
http://www.panynj.gov/pr/88-97.html NEWS
World Trade Center
88-97: FOR IMMEDIATE RELEASE , July 1, 1997
The World Trade Institute, one of the nation’s leading schools specializing in international trade, transportation, taxes and language studies, has been purchased by Pace University.
The Institute will continue operating on the 55th floor of One World Trade Center in New York, where the Port Authority first opened it in 1970.
Cyborg, I told you I lived in NYC several times, and went to the above school on one of them. Since you are interested in other countries and have some experience, you might wish to check out the links. This is an interesting career and can pay pretty well, and good freight forwaders made 100k plus 20 years ago.