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To: central_va

Little do the Free Trade folks realize that most nations tariff US products heavily....through Value Added Taxes. VAT is slapped on all US exports by many nations

And, it is allowed by the World Trade Organization, the UN agency that runs trade

Tariffs on foreign goods coming into the US is a necessity


63 posted on 02/02/2014 8:50:11 AM PST by SeminoleCounty (A Theory is not a Fact....It is not called the "Fact of Evolution")
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To: SeminoleCounty
The automobile industry in China is still heavily protected behind a “tariff wall” even though this wall has come down significantly since China’s entry into the WTO. Cars imported to China face a tariff duty of at least 25 percent. In comparison, American duties on cars imported into the US are only 5 percent. Taking into account the 17 percent of VAT and other levies, imported cars and foreign-brand cars produced in China are substantially more expensive than the same type of cars in the United States. A new Cadillac SLS made in China will set a Chinese household back between $71,000 and $110,000, without the anti-dumping duty. A better performing Cadillac STS, on the other hand, costs an American household between $47,000 and $56,000.

Tear Down This Wall -- the Chinese Tariff Wall

66 posted on 02/02/2014 8:57:56 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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