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To: fhayek
"One thing that China has in abundance is cheap labor. This is a fact that cannot be changed by any amount of tariffs"

Wrong again, this is exactly what tariffs can change. If China gains a 30% advantange using low cost slave labor then a 30% tariff eliminates that advantage! It effectively raises the cost of Chinesse labor! Pretty cool huh?

54 posted on 08/24/2003 10:36:25 AM PDT by jpsb
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To: jpsb
Wrong again, this is exactly what tariffs can change. If China gains a 30% advantange using low cost slave labor then a 30% tariff eliminates that advantage! It effectively raises the cost of Chinesse labor! Pretty cool huh?

Uh, no. It only does that in this country. While we do this, Chinese manufacturers would be blissfully taking away market share from American manufactures in other countries. Your approach is a "head-in-the-sand" approach.

57 posted on 08/24/2003 10:54:52 AM PDT by fhayek
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