Now lets get this clear this will only work as a package deal anything less does not have a prayer of even really getting noticed. NBow clearly I am not an absolutist regarding Free Trade I believe as Adam smith did there are four sound reasons for Tariffs and I even go along with David Riccardo's principles about tariffs being justified because of absolute advantage. I did not include that justification in my tariff proposals. I further did not rule out a revenue tariff even though I am not at this time advocating same. Said revenue tariff would be in place of income taxes but IMHO would raise insufficeint revenue by itself at any level that could be passed.
Now most of my fous in teh discussion has been on Chinese tariffs but as of February 5, 2003 the following statement of fact is included in the following link. “India’s tariffs are today, more than ten years after the beginning of economic reform, the highest in the world, except for those of Pakistan, according to the World Bank.”
Now what we have is not Free Trade we have Unfree trade. We have a trade war where some are advocating unilateral disarmament on our part. IMHO it makes about as much sense as a person advocating eliminating our armed forces on December 8, 1941 so we do not have to fight with the Japanese.
Now lets get this clear this will only work as a package deal anything less does not have a prayer of even really getting noticed.
Why not? Your 3 proposals would increase the competitiveness of US companies, and so would appeal to the free traders that have the upper hand today.