Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 1rudeboy
We could slap a $450 tariff on imported boots without negative effect on our economy?

Fair trade, according to Adam Smith, wouldn't require a $450 dollar tariff on the boots, or other imported finished products. The tariff required to achieve trade equilibrium would only need to be the difference between the cost of production between the imported and domestically produced item. This would discourage the use of slave labor by one country to wage economic warfare on another country, which is precisely what is happening to the U.S. right now, with the approval of elected politicians of both parties.

109 posted on 05/25/2003 12:18:29 PM PDT by meadsjn
[ Post Reply | Private Reply | To 106 | View Replies ]


To: meadsjn
The tariff required to achieve trade equilibrium would only need to be the difference between the cost of production between the imported and domestically produced item.

Could you explain the difference between a tafiff on goods imported to the US and a quota on the amount a country may export here?

114 posted on 05/25/2003 12:43:17 PM PDT by mac_truck
[ Post Reply | Private Reply | To 109 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson