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To: RaceBannon
when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into their country

Do India/China have import restrictions? I recall this was the claim regarding Japanese markets during the auto/steel tariff debates of the 1980s.

OR, to restore the free importation of foreign goods, after it has been for some time interrupted... Were those high duties and prohibitions taken away all at once, cheaper foreign goods of the same kind might be poured so fast into the home market as to deprive all at once many thousands of our people of their ordinary employment

Here, Smith is discussing phasing in the restoration of free trade, not the enactment of tariffs to protect local labor markets in the first place. Does he discuss the use of tariffs for anything other than retaliation or restoration?

That's the crux of the issue: do we as a country impose tariffs just because technology has moved so fast to enable offshoring and the service skills are so transportable?

This would be a first. I think that would be a very big step, which is why neither the Dems or Pubs are even entertaining the issue.

516 posted on 08/01/2003 8:13:18 AM PDT by Snerfling
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To: Snerfling
China and India DONT have import restrictions??

And how in the world can we restore Free Trade when the very reason we needed to impose restrictions on this trade has not gone away? The reason we need to impose tariffs is growing!!

And yes, both parties need to adress this, and stop abandoning their own country while they do. We have a much larger problem than H1B visas here, we are handing over the machines to do the work, not just the jobs!
518 posted on 08/01/2003 9:01:05 AM PDT by RaceBannon
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To: Snerfling
As there are two cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry, so there are two others in which it may sometimes be a matter of deliberation; in the one, how far it is proper to continue the free importation of certain foreign goods; and in the other, how far, or in what manner, it may be proper to restore that free importation after it has been for some time interrupted....

You took his words out of context or did not comprehend his words. He's saying there are times that tariffs are appropriate, one of which is to protect industry from foreign competition.

519 posted on 08/01/2003 9:03:05 AM PDT by RockyMtnMan
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